Question: 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

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 X is _____ than the number of months to repay Loan Y, the monthly payment on Loan will be ________ the payment on Loan Y.

less; lower than

greater; higher than

less; same as

greater; lower than

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