(Click on the icon here

in order to copy the contents of the data table below into a spreadsheet.)

Loan	Balance due		Annual interest rate
1	27,000		7.2%
2	17,000		10.2%
3	20,000		6.2%

Weighted average cost of capitalPersonal Finance ProblemJohn Dough has just been awarded his degree in business. He has three education loans outstanding. They all mature in 5 years and he can repay them without penalty any time before maturity. The amounts owed on each loan and the annual interest rate associated with each loan are given in the following table:

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.John can also combine the total of his three debts (that is, $64,000) and create a consolidated loan from his bank. His bank will charge an annual interest rate of

7.8 %

for a period of 5 years. Should John do nothing (leave the three individual loans as is) or create a consolidated loan (the $64,000 question)?

The weighted average annual interest rate on John's current loan portfolio is

nothing%.

(Round to two decimal places.)

Score: 0 of 1 pt 11 of 11 complete HW Score: 25.76%, 2.83 of 11 pts P9-18 (similar to) Question Help Weighted average cost of capital Personal Finance Problem John Dough has just been awarded his degree in business. He has three education loans outstanding. They all mature in 5 years and he can repay them without penalty any time before maturity. The amounts owed on each loan and the annual interest rate associated with each loan are given in the following table d interest rate of 78% for a period of years. Should John do nothing have the tree individual John can also combine the total of Ns three des (that is, 564,000) and create a consolidated loan from his bank Mistak wil charge an loans ) or create a consolidated loan (the 564,000 question The weighted average annual interest rate on his current lo portfolios Round to two decimal places.) Data Table in order to copy the contents of the datatable below Click on the icon here no a spreadsheet) Lean interest rate Balance de $27.000 $17.000 $20.000 Pot Done