taymadison2021
Answered

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One advantage of a long-term loan compared to a short-term loan is that a
long-term loan:
A. can be paid off in full without the borrower paying any interest.
B. does not require the borrower to have a good credit score.
O
O C. allows a person to borrow more money at a lower interest rate.
O
D. does not force the borrower to make payments every month.
SUBMIT

Sagot :

nootsponge

Answer:

C. allows a person to borrow more money at a lower interest rate.

Explanation:

Ap3x

One advantage of a long-term loan compared to a short-term loan is that a long-term loan allows a person to borrow more money at a lower interest rate.

What do you mean by loan?

A loan refers to the money that needs to be paid back with the interest amount.

The major advantage of a long-term loan compared to a short-term loan is that a long-term loan allows a person to borrow more money at a lower interest rate.

Therefore, C is the correct option.

Learn more about loans here:

https://brainly.com/question/11794123

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