INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-You are borrowing $1,000,APR is 10%,and the loan maturity is one year.Total interest charges will be higher if [you pay off the loan in 12 monthly installments | you make one payment in full at the end of the year].

A) for the first item
B) for the second item
C) if neither item will correctly complete the statement.