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Sergio [31]
3 years ago
13

Morgan is deciding between two loan offers. To determine which loan to choose, she should compare each loan's A) beacon score. B

) credit rating. C) average prime rate. D) annual percentage rate.
Social Studies
2 answers:
Liula [17]3 years ago
5 0

Annual percentage rate.

almond37 [142]3 years ago
3 0

The correct answer is D.

The annual percentage rate of a loan is the interest rate charged for the funding provided by a financial institution to a borrower. The interest rate represents the cost of borrowing money and it determines the amount, as a proportion of the principal, that has to be paid for the funds. The lower the interest rate, the most appropiate the loan offer will be for Morgan.

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