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21 January, 07:07

Shirley qualifies for a $12,000 auto loan and chooses a 36-month loan term versus a 60-month loan term. How will the shorter term of the loan affect Shirley?

A. Shirley will save money on interest.

B. Shirley's car will appreciate in value.

C. Shirley will pay more in interest.

D. Shirley's car will depreciate in value.

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  1. 21 January, 09:45
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    The right answer for the question that is being asked and shown above is that: "B. Shirley's car will appreciate in value." Shirley qualifies for a $12,000 auto loan and chooses a 36-month loan term versus a 60-month loan term. The shorter term of the loan affect Shirley is that her car will appreciate in value.
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