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weeeeeb [17]
3 years ago
11

A $100,000 loan that is set for a 30-year term is:

Social Studies
2 answers:
zaharov [31]3 years ago
4 0

Answer:

A loan of $ 100,000 that is set for a term of 30 years is a long term loan.

Explanation:

A loan is considered long term when the debt exceeds one year. For this reason, we can consider that the loan exposed in the question is a long-term loan, since it has a term of 30 years to be paid.

Whatever your reason for needing a long-term loan, it is necessary to do a planning and simulations before confirming the loan. Thus, you will have more security and certainty that you are opting for a good loan.

bearhunter [10]3 years ago
3 0
The answer is often set with a high interest rate if that is correct I hope it is sorry if it’s not correct.
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