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Question 376 - CTFA discussion

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Doug must borrow $12,000 to complete his college education. Which of the following would NOT be likely to reduce the finance charge rate?

A.
If his parents took out an additional mortgage on their house for the loan
Answers
A.
If his parents took out an additional mortgage on their house for the loan
B.
If the loan was insured by the federal government
Answers
B.
If the loan was insured by the federal government
C.
If he went to a state college rather than a private college
Answers
C.
If he went to a state college rather than a private college
D.
If his parents co-signed the loan
Answers
D.
If his parents co-signed the loan
Suggested answer: C
asked 16/09/2024
Daniel Ramirez
46 questions
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