Question: can use more than one answer. Question 13 4 pts Please define the TERM of a loan & discuss its possible impact on a consumer's

can use more than one answer. Question 13 4 pts Please

can use more than one answer.

Question 13 4 pts Please define the TERM of a loan & discuss its possible impact on a consumer's choice of loans. Term of a vehicle loan about 2 to 6 years The agreement of a note to repay The longer the term, the smaller the amount of the monthly payment. none of these The longer the term, the more costly interest. The time length of a loan or investment (usually in years)

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