You've made the decision to purchase an item that is affordable only with a loan. When shopping for a loan, there are many aspects of the loans that you should examine. Which of the following questions should be asked and answered about a specific loan proposal before accepting a lender's offer? Check all that apply. Does the loan's payment date fit my budget? What is the loan's APR? If 1 accept the loan, what is my new debt safety ratio? What late payment charges, if any, can be accessed, and when? Does the loan have a prepayment penalty? You're shopping for a big loan, but you have misgivings about Carlos, the loan officer, ot an institution you just visited. What are some reasons that miry have you uneasy about accepting a loan there? Check all that apply. Carlos discussed options for taking out a smaller loan, such as selling current assets to raise a bigger down payment. When you filled out the loan application, Carlos told you to leave out the smaller amounts you owe to department stores. Carlos pointed out that the APR and interest rate were different. Carlos gave you a range of terms and said they'll be worked out at closing. Carlos encouraged you to shop around. Carlos went over the fine print, such as late payment charges and prepayment provisions: Carlos spent most of the time emphasizing benefits of loans with balloon payments and interest-only payments: Garlos volunteared oertinent information that veu didn's even know enough to ask about. What are the characteristics of your reasons for feeling uneasy about Carlos the loan officer? Check all that apply. Feeling under pressure to make a decision The loan officer's embellishment of the facts The way the loan officer omitted pertinent information Your friend suggested you look into a variable-rate loan. What questions should you ask? Check all that apply. Is there a maximum rate? How many points are added to the base rate? What is the interest rate tied to? Can I afford the maximum possible monthly payment? Given the long list of relevant loan-related considerations described above, the paradox of choice often arises when attempting to make borrowing decisions. Which of the following phrases addresses the characteristics and recommended solutions for this phenomenon? Check all that apply. Arises when there are too many complicated choices, such you can become overwhelmed and make poor decisions Prepare a list of possible alternatives and make a random selection Arises when there are too few alternatives and you wish you had more features or options to select from Identify your goals and a framework for evaluating any trade-offs that must be made when making your decision