Morgan is deciding between two loan offers. To determine which loan to choose, she should compare each loan's A) beacon score. B) credit rating. C) average prime rate. D) annual percentage rate.

Respuesta :

Annual percentage rate.

The correct answer is D.

The annual percentage rate of a loan is the interest rate charged for the funding provided by a financial institution to a borrower. The interest rate represents the cost of borrowing money and it determines the amount, as a proportion of the principal, that has to be paid for the funds. The lower the interest rate, the most appropiate the loan offer will be for Morgan.