Credit and Debt
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Last updated over 6 years ago
5 questions
Note from the author:
GSE SSEPF4
1
You are trying to determine which 36-month simple interest loan is the best deal. Which should you use to compare the loans?
You are trying to determine which 36-month simple interest loan is the best deal. Which should you use to compare the loans?
1
Which of the following is the LEAST important factor in determining a person's creditworthiness?
Which of the following is the LEAST important factor in determining a person's creditworthiness?
1
James needs to borrow $5000 to put toward a used car. Which of the following would most likely offer him the lowest interest rate on a loan?
James needs to borrow $5000 to put toward a used car. Which of the following would most likely offer him the lowest interest rate on a loan?
1
Many financial advisors say that a fixed rate of interest is better than a variable rate. Why is this?
Many financial advisors say that a fixed rate of interest is better than a variable rate. Why is this?
1
Sarah is shopping for an auto loan. Financial institution A offered her a loan with a 6% simple interest rate. Financial institution B offered her a loan with a 6% compound interest rate. Which loan would be the least costly for Sarah?
Sarah is shopping for an auto loan. Financial institution A offered her a loan with a 6% simple interest rate. Financial institution B offered her a loan with a 6% compound interest rate. Which loan would be the least costly for Sarah?