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Suppose you can get a personal loan at a bank an annual interest rate of 11% to cover your credit card debt. Should you take
Suppose you can get a personal loan at a bank an annual interest rate of 11% to cover your credit card debt. Should you take this loan and use it to pay off your $1,900 credit card debt? Why or why not? What will be your monthly payment with this loan?
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Taking a personal loan to pay off credit card debt at a lower interest rate can be a smart financial move but its important to consider a few factors ...
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
4th Canadian edition
134724712, 134724713, 9780134779782 , 978-0134724713
