To evaluate and compare loans from different lenders, you should consider
A) the annual percentage rate.
B) the terms and conditions of the loan.
C) all additional fees associated with the loan.
D) all of the above
Question 2
If a borrower would like to repay their loan early, they can find their final payment due by
A) multiplying the monthly interest rate by the original balance then adding the result to the current balance
B) multiplying the interest rate by the current balance then adding the result to the current balance
C) multiplying the interest rate by the original balance then subtracting the current balance
D) multiplying the monthly interest rate by the current balance then adding the result to the current balance
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