asked 67.1k views
1 vote
Which of these is likely the MOST important financial consideration a person should make when deciding to borrow money from a financial institution? A) Amount of the loan B) Fees attached to the loan C) Interest rates on the loan D) Length of time for the loan

2 Answers

5 votes
C. for sure i know it is
answered
User ErnieStings
by
8.6k points
1 vote

Answer:

C) Interest rates on the loan

Step-by-step explanation:

When a person is going to ask for money borrowed from a financial institution the most important factor that she or he should take into consideration would be the interest rates on the loan with that particular financial institution because that is the amount of money that you will end up paying them for the loan.

answered
User Atyz
by
7.7k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.