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 fender's offer? Check all that apply. Where is the lending institution located? Do the loan's monthly payments fit in my budget? What late payment charges, if any, can be accessed, and when? What is the total cost of transaction (cost of item purchased plus cost of loan)? What is the loan's APR? You're shopping for a big loan, but you have misgivings about Eileen, the ioan officec at an institution you just visited. What are some reasons that. may have you uneasy about accepting a loan there? Check all that apply. Elleen volunteered pertinent information that you didnt even know enough to ask about. When you filied out the application, Elleen said if you werent sure about something on it, you could take the application home and complete it when you had the correct answers. Eileen discursed options for taking out a smaller ban, such as selling current assets to raise a bigger down payment. Eileen said that today it the only day you can secure the loan with favorable terms: Elleen said that her loan was most likely the only one you'd be able to obtain Eileen told you that the interest rate is the anly impertant fee to worry about and that discussing the ADP is an unnecessary complication. When you filed out the loan applcabion, Elieen told you to leave out the smaller amounts you one to department stores. Your parents may be able to help you with the down payment, but Elieen told you to assume they will and to enter a down payment on. the application incuding their contribueion. What are the characteristics of your reasons for feeling uneasy about Eileen the loan officer? Check all that apply. The way the loan officer omitted pertinent information Feeling under pressure to make a decision The loan officer's embelishment of the facts Your friend suggested you look into a variable-rate loan. What questions should you ask? Check all that apply. How often is the rate subject to change? What changes after a rate adjustment-the monthly payment amount or the number of monthly payments left on the loan? Is there a maximum rate? What is the interest rate tied to? 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 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 Prepare a list of possible alternatives and make a random selection Be prepared to ask for assistance