You are considering two amortized loans with the same interest rate and the same initial amount borrowed. If the number of months to repay Loan × is _____ than the number of months to repay Loan Y, the monthly payment on Loan × will be ________ the payment on Loan Y.
A) greater; higher than
B) greater; lower than
C) less; lower than
D) less; same as
Correct Answer:
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