Youre considering taking out an unsecured loan at 7 percent interest from your local home improvement store
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You’re considering taking out an unsecured loan at 7 percent interest from your local home improvement store for the purchase of new kitchen cabinets. Alternatively, you could take out a home equity loan at a rate of 8.5 percent. Assume that your marginal tax rate is 25 percent.
What are the advantages and disadvantages of these different courses of action?
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Related Book For 
Wiley Pathways Personal Finance Managing Your Money And Building Wealth
ISBN: 978-0470111239
1st Edition
Authors: Vickie L. Bajtelsmit, Linda Rastelli
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