Which of the Following Is True of Loan Maturity

question 17

Multiple Choice

Which of the following is true of loan maturity?

• A)The longer the loan maturity,the higher the monthly payments.
• B)The shorter the loan maturity,the higher the total finance cost.
• C)The shorter the loan maturity,the higher the monthly payments.
• D)The longer the loan maturity,the lower the total finance cost.
• E)The shorter the loan maturity,the higher the prepayment penalty.

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