Question: 7Please give only typed answer You're shopping for a big loan, but you have misgivings about Eileen, the loan officer, at an institution you just

7Please give only typed answer

7Please give only typed answer You're
You're shopping for a big loan, but you have misgivings about Eileen, the loan officer, at an institution you just visited. what are some reasons that may have you uneasy about accepting a loan there? Check all' cher apply. O Eileen pointed out that the APR and interest rate were different. O Eileen went over the fine print, such as late payment charges and prepayment provisions. O Eilean volunteered portinent information that you didn't even know anough to ask about. O When you filled out the loan application, Eileen told you to leave out the smaller amounts you owe to department stores. O Eileen told you that the interest rate is the only importent fee to worry about and that discussing the APR is on unnecessary complication. O Bilcan discussed options for taking out a smaller loan, such as selling current assets to raise a bigger down payment. O Bilcan encouraged you to chop around. Gleen spent most of the time emphasizing benefits of loons with balloon payments and interestsonly payments. What are the characteristics of your reasons for feeling uneasy about Eileen the loan officer? Check all that apply. O The loan officer's embellishment of the facts O Feeling under pressure to make a decision O The way the loan officer omitted pertinent information Your friend suggested you look into a veriable rate loan. What questions should you ask? Check all that apply. O Is there a maximum rate? O What changes after a rate adjustment-the monthly payment amount or the number of monthly payments left on the loan? O Can I afford the maximum possible monthly payment? O How many points are added to the base rate? Given the long list of relevant loan-related considerations described above, the paradox of choice often arises when accompting to make borrowing decisions. Which of the following phrases addresses the characteristics and recommended solutions for this phenomenon? Check all chat apply. O Arises when there are too many complicated choices, such you can become overwhelmed and make poor decisions O Identify your goals and a framework for evaluating any trade offs that must be made when making your decision O Koop it simple and select the easiest or least expansive alternative IPrepare a list of possible alternatives and make a random selection

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