Which of the following is a result of a lower interest rate? A higher cost of loan is possible.
A longer term must be taken on the loan.
A lower monthly payment is possible.
A lower amount may be borrowed.
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Home » Business » Which of the following is a result of a lower interest rate? A higher cost of loan is possible. A longer term must be taken on the loan. A lower monthly payment is possible. A lower amount may be borrowed.