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

User Dewi Rees
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2 Answers

2 votes

Answer:

False

Step-by-step explanation:

User Aditya Sehgal
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6.7k points
6 votes
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.
User Sir Hally
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