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Business, 19.09.2020 01:01 djs1002

In terms of the bottom line for your business, what is the difference between taking out a 5- year loan versus a 10-year loan for $10,000, assuming identical annual interest rates?
A. Shorter loans cost you more overall.
B. Both loans cost the same overall.
C. Longer loans cost more overall.
D. You pay more each month on the longer loan

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