Toni requires a personal loan for $$3,000$ with monthly payments. Toni considers several loan offers with the same APR and needs to decide whether monthly payments for $1$ year is better than $2$ years. Why might Toni choose a shorter time period to pay off a loan?

Total interest paid for a $2-$year loan is more than for a $1-$year loan.

APR is more for a $2-$year loan than for a $1-$year loan.

Monthly payments will be more for a $2-$year loan than for a $1-$year loan.

Less interest is charged over a $2-$year period than over a $1-$year period.