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What factor is NOT included in determining the total cost of a loan? Select the best answer from the choices provided. A. credit history B. length of loan C. interest rate D. down payment

User Ajay Sivan
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2 Answers

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IT'S D. I JUST DID IT

User Gdyrrahitis
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This is a tricky answer, because:

the length of the loan, the interest rate, and the down payment will all affect the total cost of the loan

--BUT--

your credit history can help determine the interest rate you are offered, the length of the loan offered, and the downpayment required.

I think this is an unfair question, but the answer the teacher is looking for is A. credit history because it has an INDIRECT effect on total cost and not a DIRECT effect like the others.

User Bernardo O
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