Mia is a bank teller. She calls Robert to discuss loan terms. They try to agree on the best deal.
Vocabulary:
Interest rate: The percentage charged on a loan.
Processing fee: A charge for handling the loan.
Loan term: The length of time to repay a loan.
Budget: A plan for how to spend money.
Monthly payments: Money paid every month to repay a loan.
Practice more with this lesson:
