8.84 Personal Budgeting and Financial Goals
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Skill Level🔴 Hard
00:00
Progress to Next Level25% to Medium
EasyMediumHardMastery100%

Passage

Ben is borrowing $7500 at 6% APR. Option 1: 36 months Option 2: 60 months

Which option usually has the LOWER total cost (total paid) and why?