True or false? When creating a budget to repay your student loans, you can
save money by paying only the interest.
O True because paying only the interest reduces the length of the loan and
reduces the total amount you pay in the long-term
True because paying interest means monthly payments will be small
O False because it is not possible to only pay the interest,
O False because paying only interest lengthens the life of the loan and increases
the total amount you pay in the long-term.
Next →
Sign out

Question

31-03-2022
Business

Answered

Join the growing community of curious minds on IDNLearn.com. Get prompt and accurate answers to your questions from our community of knowledgeable experts.

True or false? When creating a budget to repay your student loans, you can
save money by paying only the interest.
O True because paying only the interest reduces the length of the loan and
reduces the total amount you pay in the long-term
True because paying interest means monthly payments will be small
O False because it is not possible to only pay the interest,
O False because paying only interest lengthens the life of the loan and increases
the total amount you pay in the long-term.
Next →
Sign out

Sagot :

Thank you for being part of this discussion. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Thank you for visiting IDNLearn.com. We’re here to provide clear and concise answers, so visit us again soon.

It Is Commonly Believed That Jazz First Appeared In Which Small Area Of New Orleans In The Early 20th Century?A. French Quarter B. Crescent City C. Congo Squa

Why Were Organizations Like The YMCA, YWCA, And Salvation Army Created?A. To Educate The Middle Class On Immigrant LifestyleB. To Feed And Clothe The PoorC. To

You Are Placing Pediatric AED Pads On A 7-month-old Infant. What Is The Correct Placement Of The Pads For This Infant? A. Middle Of The Upper Left Side Chest An

The Value(s) Of [tex]$(16)^{\frac{1}{4}}$[/tex] Is(are):A. [tex]$\pm 2$[/tex]B. 2C. [tex]$2i$[/tex]D. 4

In Order For A Cell To Become Cancerous, Oncogenes Must Be __________ Or Tumor Suppressor Genes Must Be _________a. Activated; Activatedb. Suppressed; Inactivat

Fill In The Blank With The Spanish Word That Best Completes The Following Sentence.Queremos _____ Tus Palabras.A. OfB. OyóC. OyendoD. Oír

Darian Has Decided To Attend An Out-of-state Public Four-year University. His Expected Expenses Are Shown In The Table:[tex]\[ \begin{tabular}{|c|c|} \hline Cat

SSCA 2014Your Budget And Savings\begin{tabular}{|l|r|}\hline Monthly Expenses & Amount Budgeted \\\hline Rent & [tex]$\$[/tex] 600[tex]$ \\ \hline Util

A High Performancing Heater That Burns Propane Is Adjusted So That 100g Of O2 Enters The System For Every 100g Of Propane. Calculate The Mol Ratio Of Oxygen To

Solve The Following Inequality:[tex]\[ 2(2x + 3) \leq 7x + 5 \ \textless \ 3x - 1 \][/tex]

Adioabiolaidn Adioabiolaidn · Answer 1 · 2022-04-06T03:20:33-04:00

The correct answer choice is; True, because paying only the interest reduces the length of the loan and reduces the total amount you pay in the long-term.

Paying off Student Loans

It follows from study that; while paying off student loans, it usually pays off to pay the interest first. On this note, it follows that the principal of the loan remains constant and hence, compound interest is avoided and consequently, the total amount you pay in the long-term is reduced.

Sagot :

Paying off Student Loans

Other Questions