ning Name Melisa Torrijos Loan Payments, Credit Cards, and Mortgages Date Period 1-4: Decide whether each of the following statements makes sense (or is clearly true) or does not make sense (or is clearly false). Explain your reasoning. 1. The interest rate on my student Inan ir nolu 2. My student loans were all 20-year loans at interest rates of 7% or above, so when my bank offered me a 20-year loan at 6%, I took it and used it to pay off the student loans. Quantitative Reasoning Name Melisa Torrijos Loan Payments, Credit Cards, and Mortgages Date Period 1-4: Decide whether each of the following statements makes sense (or is clearly true) or does not make sense (or is clearly false). Explain your reasoning. 2. My student loans were all 20-year loans at interest rates of 7% or above, so when my bank offered me a 20-year loan at 6%, I took it and used it to pay off the student loans