The loan period does not affect the total cost of the loan. true or false

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asked May 23, 2017 228k views

2 Answers

Sir Hally · Answer 1 · 2017-05-29T23:19:42+0000

This statement is false. The loan period does get to affect the total cost of the loan. Loans tend to have an annual percentage rate applied to it when you had it. It is a term used to refer the interest rate of the loan you had acquired.

The loan period does not affect the total cost of the loan. true or false

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