Besides the finance charge,you should also consider ____ when you shop for a consumer loan.
A)loan maturity
B)total cost of the loan
C)collateral requirements
D)prepayment penalties
E)all of the above

Question

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When shopping for a consumer loan, it is important to consider all of the options listed. Loan maturity will affect how long you have to repay the loan and may impact monthly payments. The total cost of the loan includes the finance charge as well as any other fees associated with the loan. Collateral requirements may impact whether or not you are approved for the loan and can affect the interest rate you receive. Finally, prepayment penalties may impact your ability to pay off the loan early without incurring additional fees. All of these factors should be considered when shopping for a consumer loan.

Besides the Finance Charge,you Should Also Consider ____ When You