Final answer:
Dianna should compare loan options to find the one with the lowest interest rate and a term that does not exceed 4 years to purchase a $4,500 riding lawn mower. She can use loan calculators or consult a financial advisor for accurate estimates of her payment schedules and interest.
Step-by-step explanation:
When Dianna is looking to buy a $4,500 riding lawn mower and wants to obtain a loan with the lowest interest rate to be paid off in at most 4 years, she would need to compare different loan options available from local banks. She should look for the loan that offers the lowest interest rate, as this will minimize the total amount paid over time.
Additionally, she should ensure that the loan term does not exceed 4 years, which may limit her monthly payment amount but will allow her to be debt-free sooner. Since the algorithms to compute these figures can be complex, she could use an online loan calculator or consult with a financial advisor for accurate payment schedules and total interest paid to identify the best loan option available.
To find the best loan option for Dianna, we need to consider the interest rate and the loan term. Since she wants the lowest interest rate, we should compare the options available and choose the one with the lowest rate. Additionally, since Dianna wants to pay off the loan in at most 4 years, we should also consider the loan term. A shorter loan term usually means higher monthly payments but lower overall interest paid.