INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. Select
-Shorter term auto loans offer the benefit of [lower payments | lower interest rate]
A)for the first item
B)for the second item
C)if neither item will correctly complete the

Question

Quizplus · Accepted Answer

Shorter term auto loans typically have a lower interest rate, which can save you money over the life of the loan. While lower payments may seem appealing, they often come with a longer loan term, which can result in paying more in interest overall.

INSTRUCTIONS: Choose the Word or Phrase in [ ] Which