Weighted average cost of capital Personal Finance Problem John Dough has pust been awarded his dogree in business. He has three educabon loars outslanding. They all malure in $5$

yoars and he can repay them without penaly any time belore maturty. The amounls owed on oach loan and the anrual interest rafe associated with each loan are given in the folowing table:

John can also combine the fotal of his throe debts $($that is$,$ $$64,000)$ and create a consolidaled loan from his bank, His bank will charpe an annual interest rate of $7\mathrm{.}2\%$i for a period of $5$ years

Should John do nothing $($feave the three individual loans as is$)$ or creale a consoldated loan $($the $$64,000$ question$)?$

The weighted awerage annual interest rate on Johris curnent loan portfolo is

$($Round to two docimal places.$)$

Data table

$($Click on the icon here of in order to copy the contents of the data table below

into a spreadsheet.$)$