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Brrunno [24]
4 years ago
11

Based on the details of each loan, which factor has the greatest impact on reducing the total repayment? ●Loan #1: $2,000, 3 yea

rs, at 10% → $64.53 monthly payment ●Loan #2: $2,000, 3 years, at 15% → $69.33 monthly payment ●Loan #3: $2,000, 5 years, at 10% → $42.49 monthly payment A) longer loan period B) lower interest rate C) shorter loan period D) higher interest rate will give brainiest
Mathematics
1 answer:
alexandr402 [8]4 years ago
6 0

hello there, the answer that i got was c because if you pay a shorter loan period you pay less intrest, so therfor thats what will have the most impact on reducing the total payment. hope this helps. pls pls give brainlyist

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