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    Exam 7: Using Consumer Loans
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    When Comparing Two Installment Loans with the Same Principal and APR,the
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When Comparing Two Installment Loans with the Same Principal and APR,the

Question 129

Question 129

True/False

When comparing two installment loans with the same principal and APR,the loan with the longer maturity will have the lower monthly payment and the higher total costs.

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