The longer a loan repayment period and the higher the interest rate, the larger the total amount of interest paid by a borrower.
Standard detail
MC.3
Depth 1Parent ID: 7B34AD0C54094F589403F01DB787BD8CStandard set: Grade 8
Original statement
Quick facts
- Statement code
- MC.3
- List ID
- 3
- Standard ID
- 1E3EF68426434C869CEE9E9DC6EB4A8D
- Subject
- Personal Financial Education (2021)
- Grades
- 08
- Ancestor IDs
- 7B34AD0C54094F589403F01DB787BD8C
- Source document
- National Standards for Personal Financial Education
- License
- CC BY 4.0 US