Author Question: To evaluate and compare loans from different lenders, you should consider A) the annual percentage ... (Read 59 times)

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
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



cici

  • Sr. Member
  • ****
  • Posts: 325
Answer to Question 1

D

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

For a complete list of videos, visit our video library