In Most Cases It Will Save Money for Consumers to Select

question 62

Multiple Choice

In most cases it will save money for consumers to select their loans based on the lowest:

• A)Annual percentage rate
• B)Effective annual rate
• C)Number of compounding periods per year
• D)Simple interest rate

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Definitions:

Eight Intelligences

Eight separate areas in which people put their perceptiveness and abilities to work.

Howard Gardner

An American developmental psychologist known for his theory of multiple intelligences, which proposes that intelligence is multidimensional.

Rational Mind

An awareness of reality, which allows you to ponder and reflect.

Emotional Mind

A state of mind characterized by emotion-driven thoughts and behaviors, as opposed to logic or reasoned thinking.