Select all that apply. What are the benefits of a long term loan?
you will pay fees
you have a lower monthly payment
you have longer to pay it
you can borrow more money
you can pay it

Improved Cash Flow

Explanation:

On its own, a loan will improve your cash flow by giving you access to more capital. That benefit is compounded when your monthly payments are lower due to a longer loan term. By extending the length of the loan, therefore lowering your monthly payments, you have more money available each month

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