As the Number of Monthly Payments on a Loan Increases

question 42

Multiple Choice

As the number of monthly payments on a loan increases, the size of each payment ________ and the total interest paid over the life of the loan ________.

• A) increases, decreases
• B) decreases, stays the same
• C) stays the same, decreases
• D) decreases, increases

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State-Supported Company

A business that receives special advantages, funding, or backing from the government.

Indirect Benefits

Advantages or gains not directly attributed to a particular action or investment but occurring as a secondary effect.

Stocks Or Bonds

Financial instruments that represent ownership in companies (stocks) or debt obligations (bonds) issued by corporations or governments.

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The act of managing and running a company or commercial enterprise.