15
QuizMultiple Choice

Mortgages — Unit test

Question 15 • CARE_24_25_TX-Mathematical Models with Applications B

Why is the APR considered the most important factor to be mindful of in a car loan?

Answer
A
The APR helps a customer determine the true cost of the loan, allowing them to compare many loans and choose the most advantageous one.
B
The current national APR helps a consumer decide how much they want to spend on a car.
C
The APR determines how many cars a dealership can sell.
D
The APR of a loan is directly related to the quality of the associated car loan.
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