Question

Which of the following financing options has the least (future) obligation from the student?

scholarship
loan
work study

You and your spouse have a 72 month car loan. What is the best way to shorten the amount of time that it takes you to pay back the loan?
sending in your payments on time
having good credit
using your credit card to make a car payment
making extra car payments several times a year

Which of the following is the best example of amortization?
30 yr mortgage
48 month car loan
15 yr student loan
all of the above

Answer 1

i'm not that good at this type of thing but i'll try:)

For the 1st one i believe the answer is scholarship

For the 2nd one i believe its either sending your payments in on time or having good credit

For the 3rd one i believe it is 48 month car loan

I am joyous to assist and hope i've been of some help :)

Answer 2

I just took this test and got a 100

Step-by-step explanation:

1. Scholarship- this is the only option here where money is given without repaying

2. making extra payments several times a year, this is the only way to shorten the time it takes to pay

3. all of the above. all of them are long term loans