condense this Eric should choose the Credit Union loan for several reasons. Firstly, the loan is within his monthly budget, meaning he can afford the repayments without straining his finances. This is crucial in ensuring he can maintain his current lifestyle without undue financial stress. Secondly, the interest rate for the Credit Union loan is lower than that of the other two loans. At 5%, compared to 6.5% of the other two loans, he will pay less in interest over the life of the loan. This lower interest rate will save him money overall, which can be used for other financial goals or unexpected expenses. Thirdly, the length of the loan is neither the shortest nor the longest. This means he has a reasonable amount of time to repay the loan without it being a long-term burden. Lastly, when considering the total cost of the loan, which includes both the principal and the interest payments, the Credit Union loan is the second lowest. This means that out of all the loans he can afford, this one will cost him the least in the long run. In conclusion, the Credit Union loan offers Eric the most affordable and cost-effective option, making it the best choice for him