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Business, 20.11.2020 21:10 Doogsterr

What is an advantage of taking out a long-term loan instead of a short-term loan?

A. A long-term loan usually requires a low debt-to-income ratio.

B. A long-term loan usually has a lower total cost.

C. A long-term loan usually has a lower interest rate.

D. A long-term loan usually requires no credit check.

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What is an advantage of taking out a long-term loan instead of a short-term loan?

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