Respuesta :
Answer:
d. all of the above.
Explanation:
When deciding on a loan, the considerations would include;
The lowest finance charge - This ensures that the interest expense on the loan amounts to a fee that is worth the cost of the loan. It is a measure of the cost incurred in taking the loan.
The fastest payoff - this is a key consideration as the earlier a business or an individual settles the loan, the more likely it is that the cost of taking the loan reduces.
The most affordable monthly payment - this is an important consideration as the entity taking the loan should ensure that the payment terms are affordable.
Hence the right option is d. all of the above.
