It is easier to cover monthly loan payments if you select financing with
A)a relatively long term.
B)a relatively short term.
C)a fixed interest rate.
D)a high interest rate.

Question

Quizplus · Accepted Answer

Selecting financing with a relatively long term will result in lower monthly payments, making it easier to cover them. This is because the loan amount is spread out over a longer period, reducing the amount of each individual payment.

It Is Easier to Cover Monthly Loan Payments If You