Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Towanda must borrow $9,000 to complete her college education. Which of the following would not be likely to reduce the finance charge rate on the

image text in transcribed

Towanda must borrow $9,000 to complete her college education. Which of the following would not be likely to reduce the finance charge rate on the loan? Choose the correct answer below. A. if the loan was insured by the federal government B. if she went to a private college rather than a state college C. if her friend cosigned the loan D. if her parents took out an additional mortgage on their house for the loan

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Codes Of Finance

Authors: Vincent Antonin Lépinay

1st Edition

0691151504, 978-0691151502

More Books

Students also viewed these Finance questions