Decide whether the following statement makes sense (or is clearly true) or does not make sense (or is clearly false)
Posted: Mon Jul 11, 2022 12:50 pm
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.
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.