Which statement about the cost of loans is correct?
A. A short-term loan charges more interest than a long-term loan.
B. The lower the interest rate, the more the loan will cost.
C. A short-term loan accrues less total interest than a long-term loan.
D. The less often interest is compounded, the more the loan will cost.
Answers: 2
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Which statement about the cost of loans is correct?
A. A short-term loan charges more interest tha...
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