If you want to pay less interest over the life of your loan, you should make a _____ monthly payment.

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12-11-2021
Advanced Placement (AP)

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If you want to pay less interest over the life of your loan, you should make a _____ monthly payment.

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raphealnwobi raphealnwobi · Answer 1 · 2022-02-15T12:07:58+01:00

raphealnwobi raphealnwobi

15-02-2022

Loans with shorter terms have a lower interest costs but higher monthly payments

Loan

Loan is the borrowing of money by individuals, organizations to other individuals, organizations.

The longer the period needed to pay your loan, the more interest you will pay. Loans with shorter terms have a lower interest costs but higher monthly payments than loans with longer terms.

Find out more on Loan at: https://brainly.com/question/26011426

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