Decide whether the following statement makes sense (or isclearly true) or does not make sense (or isclearly false). Explain your reasoning.
My student loans were all
10-year
loans at interest rates of
7%
or above, so when my bank offered me a
10-year
loan at
2%,
I took it and used it to pay off the student loans.
Question content area bottom
Part 1
Choose the correct answer below.
A.
This makes sense because the bank loan has the same loan termwith a lower interest rate.
B.
This does not make sense because the interest rates of the otherstudent loans are not given.
C.
This makes sense because the bank loan has a lower loan termwith a lower interest rate.
D.
This does not make sense because the student loans havedifferent loan terms with varying interest rates.
Decide whether the following statement makes sense (or is clearly true) or does not make sense (or is clearly false)
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