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Mrac [35]
3 years ago
14

SARAH makes $43,000 per year, is single, and lives in Connecticut. She has $19,000 in subsidized loans and $8000 in unsubsidized

loans. Which repayment plan will be the cheapest for her in total?
Business
1 answer:
Allisa [31]3 years ago
3 0

Answer:

Sarah's cheapest repayment plan is:

The standard repayment plan.

Explanation:

With the standard repayment plan, Sarah repays 120 fixed monthly installments, assuming a repayment term of 10 years.  She will pay minimal interests since the standard repayment plan also offers the shortest repayment period. To minimize interest expense, Sarah should repay the unsubsidized loans before the subsidized loans.  The reason is that the unsubsidized loans accrue more interest expense over their terms than the subsidized loans.

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QveST [7]

Answer:

4

Explanation:

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What do you feel is the main idea you learned about personal finance and financial literacy.
abruzzese [7]

Answer:

personal finance and Financial literacy gives an advantage to exploit the financial products available nowadays and to manage the resources of a single person or a family in the best way possible to achieve their goals.

7 0
4 years ago
Which of the following statements is most accurate concerning delivering negative messages.
Firdavs [7]

Answer:

The correct answer is letter "C": Experienced communicators sometimes struggle with the delivery of negative news.

Explanation:

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4 0
3 years ago
Lyman Company has the opportunity to increase annual credit sales $100,000 by selling to a new, riskier group of customers. The
Alexxandr [17]

Answer:

Option c ($9,000) is the correct answer.

Explanation:

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Annual increase in sales,

= $100,000

Now,

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= 15,000

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7 0
3 years ago
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Murrr4er [49]

Answer:

A)

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B)

If you have US dollars, then you should increase your investments in the UK because the pound will be worth more US dollars in the future.

C)

More American goods should be exported to the UK, and less British goods should be imported to the US. Since the US dollar should be cheaper, American products are cheaper. The opposite will happen to British products.

7 0
3 years ago
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