Question

making decisions means choosing the loan offer that has the most favorable terms based on ones financial situation.
the process of paying off a loan through scheduled periodic payments is known as.
managing how much money you owe to others effectively is known as management.
the total cost of a loan includes the borrowed amount plus the accrued.
the ability to borrow money or obtain goods before payment, based on the trust that payment will be made in the future, is referred to as.

Explanation:

• For the first blank, "loan" decisions involve choosing the best loan offer.
• The second blank is "amortization" as it's the process of paying off a loan via scheduled payments.
• The third blank is "debt" management which is about handling owed money.
• The fourth blank is "interest" as the total loan cost includes principal + interest.
• The fifth blank is "credit" which is the ability to borrow based on future payment trust.

Answer:

1. loan
2. amortization
3. debt
4. interest
5. credit