Question

Erika noticed that she will end up paying more for the total cost of her loan because her interest rate was high and she chose a loan period of six years as opposed to five years. This is an example of ?

A) how finance charges and loan repayment periods affect the total cost of the loan

B) how finance charges affect the sponthly loan payment

C)how the principal affects the total cost of the loan

D)how your debt-to-income ratio can affect the total cost of a loan

Answer 1

Answer:How finance changes and loan repayment period ms affect the total cost of loan

Step-by-step explanation: