/biz/ - Business & Finance

Anonymous Wed Jul 27 04:08:30 2016 No.1406039 [View]
File: 50 KB, 575x863, 1456153952750.jpg [View same] [iqdb] [saucenao] [google]

Hypothetical question /biz/

Let's say you're helping your wife's son with a problem. He's got three goals he wants to accomplish and asked for your advice. There's no specific time line for any of these goals.

- Pay a loan of $13,500 with a 6% APR
- Pay a loan of $56,000 with a 2.5% APR
- Save $7,000 in cash

Everything I've been reading says it's best to save the cash first then follow with the loans highest to lowest APR.

Wouldn't it make sense to start with the highest dollar amount loan first as it continues to accrue interest instead of the highest APR?

>>	A girl Sun Mar 13 21:01:31 2016 No.1141427 [View] File: 58 KB, 575x863, image.jpg [View same] [iqdb] [saucenao] [google] I'm 27 yrs old seeking a genuine sponsor to pay for my plastic surgery project . I'm will to do a Quid pro quo.

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/biz/ - Business & Finance

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