Question 1 5 pts The first step in making consumer purchase decisions is to research your alternatives. determine what you can afford. negotiate the best price. determine what you need. Question 2 5 pts Consumer purchase decisions should be directly related to your financial goals. O O future standard of living. personal feelings. o C aspirational lifestyle. Question 20 5 pts Compared with a 15-year mortgage at the same rate of interest, a 30-year mortgage will result in more principal being repaid over the life of the loan. result in less interest being paid over the life of the loan. require payment of a mortgage insurance premium. require a lower monthly payment