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What is true about loans?

A. The lower the APR, the more interest is paid.
B. The larger the down payment, the lower the principal.
C. The shorter the length of the loan, the smaller the payments.
D. The higher the APR, the less interest is paid.
in Mathematics by Diamond (75,918 points) | 33 views

1 Answer

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B
The larger the down payment, the lower the principal

An important lesson about borrowing is that the lower the dollar amount of a loan (the principal), the lower the monthly payments
by Wooden (4,412 points)

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