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English, 09.02.2021 05:20 vnfrancis1353

1 point WILL MARK Hudson always makes the minimum monthly payments on all of his

debts, on time. He receives a raise at work which gives him an extra $250

per month in take-home pay. If his primary goal is to minimize the amount

of interest he'll pay over the lifetime of his debts, which debt should he pay

down most quickly using his increased pay?*

His car loan with a 6.9% interest rate

His credit card with a 19.7% interest rate

His private student loans with an 11.8% interest rate

Ο Ο

O His Federal student loans with a 3.76% interest rate

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Answers: 3

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1 point WILL MARK Hudson always makes the minimum monthly payments on all of his

debts,...
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