Multiple Choice
Which of the following is true of loan maturity?
A) The longer the loan maturity,the higher the monthly payments.
B) The shorter the loan maturity,the higher the total finance cost.
C) The shorter the loan maturity,the higher the monthly payments.
D) The longer the loan maturity,the lower the total finance cost.
E) The shorter the loan maturity,the higher the prepayment penalty.
Correct Answer:
Verified
Correct Answer:
Verified
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