Question: When taking out a loan, is it better ( for the borrower ) for the loan to have a high or low APR? Question content

When taking out a loan, is it better(for the borrower) for the loan to have a high or low APR?
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Part 1
Select the correct choice.
A.
A high APR is better, because the bank will pay more interest to the borrower each period.
B.
A high APR is better, because there will be more periods where interest is accrued, and less interest will be accrued in each period.
C.
A low APR is better, because the interest accrued over the same number of periods will be less.
D.
A low APR is better, because there will be fewer periods where interest is accrued.

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