Using the factor ratings shown below,determine which location alternative should be chosen on the basis of maximum composite score.
Definitions:
Compounded Monthly
Interest on an investment or loan is calculated and added to the principal amount at the end of each month.
Compounded Annually
An interest calculation method where interest is added to the principal sum once every year, resulting in interest earning interest.
Personal Loans
Unsecured loans given to individuals based on their credit history and income, rather than requiring collateral.
Effective Rate
The interest rate on a loan or financial product, restated from the nominal rate as an annual rate accounting for compound interest.
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