Because this is a loan you want to choose the offer with the lower interest rate. You would choose to take the consolidation offer. Keep in mind that if it were an investment, rather than a loan, you would choose the offer with the higher interest rate as you would be earning money, not paying it.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Because this is a loan you want to choose the offer with the lower interest rate. You would choose to take the consolidation offer. Keep in ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A university that focuses its advertising on offering a sound curriculum with consistent course offerings, extensive placement services and internships is focused on which service quality dimension?
Answers (1)
Assume Vandell, a individual taxpayer, is in a 25 percent tax bracket. He invests in Otay Mesa Water District Bonds that pay 4.5 percent interest. What interest on a taxable bond would provide the same after-tax return to Vandell?
Answers (1)
Lara has identified an attractive potential customer for her biodiesel home power system. She knows the customer is concerned about the environment and has considerable financial resources.
Answers (2)
The market has an expected rate of return of 12.6 percent. The long-term government bond is expected to yield 4.8 percent and the U. S. Treasury bill is expected to yield 2.7 percent. The inflation rate is 3.2 percent.
Answers (1)
How much of the egyptian budget goes toward subsidies? webtext?
Answers (1)
New Questions in Business
You are given the following information about a portfolio you are to manage. For the long term, you are bullish, but you think the market may fall over the next month. Portfolio Value $ 1 million Portfolio's Beta 0.
Answers (1)
Use the information presented in Northeastern Mutual Bank's balance sheet to answer the following questions.
Answers (1)
In The Wealth of Nations, Adam Smith discussed what has come to be known as the "diamond and water paradox" "Nothing is more useful than water: but it will purchase scarce anything; scarce anything can be had in exchange for it.
Answers (1)
Making adjustments to general ledger accounts is an application of the Matching Expenses with Revenue accounting concept. A. TrueB. False
Answers (1)
You're trying to save to buy a new $210,000 Ferrari. You have $30,000 today that can be invested at your bank. The bank pays 5.0 percent annual interest on its accounts. How long will it be before you have enough to buy the car
Answers (1)