Business, 18.05.2021 03:40 amandajbrewerdavis

Which of the following statements is TRUE?* 2 points
Private student loans will build a student's credit while federal students loan will not
Private student loans typically have more flexible repayment plans than federal loans
Private student loans are best for students who have already received all possible
federal loans but still have a funding gap
Private student loans are almost always taken out by parents because the federal
government doesn't offer loans to parents

Answers: 3

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the homlessand working at a pet hospital i say these things because i feel like people are smart whoever do these things

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Dwould be the correct answer to this problem

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answer target market;

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of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans.

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.

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Which of the following statements is TRUE?* 2 points
Private student loans will build a stude...

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