Question

when buying a car, a shorter auto loan term means ___ monthly payments and ___ total interest youll pay. mcm.2.3 higher, less lower, more higher, more lower, less

Explanation:

A shorter auto loan term divides the loan amount into fewer monthly installments, so each payment is higher. With less time for interest to accrue (assuming the same interest rate), the total interest paid is lower.

Answer:

higher, less