If You Have a 6% Student Loan and a 10

question 65

Multiple Choice

If you have a 6% student loan and a 10% student loan, and can invest at 5% without risk, in what order should you allocate funds?

• A) Start investing; the sooner the better
• B) Split your excess cash flow between paying off the 10% loan and investing
• C) Pay off the 10% loan, then pay off the 6% loan, then invest
• D) Not enough information

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Definitions:

Copernicus

Proposed the heliocentric model of the universe, placing the Sun rather than the Earth at the center.

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The process through which different kinds of living organisms are thought to have developed from earlier forms during the history of the earth.

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Individuals or groups who consume the flesh of their own species, often considered a taboo or controversial behavior in many cultures.

Proscribing Killing

Instituting a prohibition or ban against the act of causing death, typically in the context of laws or moral guidelines.