Mary receives a $10,000 inheritance on her 21st birthday. She pays $500.00 a month for rent; owes

$9,000.00 on her car loan with an interest rate of 5%; and owes $50,000 in student loan debt with a fixed

interest rate of 3%. She has a Visa Card with a balance of $600 at 16% interest.

Which is the wisest choice for Mary?

Use it all to pay down the student loan debt.

B

Put it all in a savings account that has an interest rate of 2%.

C

Use most of it to pay off the $600 credit card and the $9,000 car loan.

D

Use it all to pay rent in advance.

Answers

Answer 1

Answer:

i think it would be C

Explanation:

If she had 10,000 to begin with, she payed with 500 then she has 9,500, if she pays off her credit card, she'll end up with 8,900 and she can find 100 faster that way. however i say i think because idk ab the interest rates. hope it helped.

Answer 2

Answer: C.) Use most of it to pay off the $600 credit card and the $9,000 car loan.

Explanation: Given the interest rates on the credit card and car loans, using most of the amount inherited to offset those loans would be a wise idea. With loan on car being 5% and credit card interest being 16%. If she probably dedicates a substantial amount to those two options, accumulated interest would be greatly reduced .Paying advance rent when she has loans to settle isn't the best. Similarly saving the cash at a 2% interest when one gas larger interest loan percentages to incur isn't the smartest either .Also given the amount of the student loan debt, using it all to cover down payment would still mean a debt of $40,000 in student loan. So it isn't the wisest decision to make.


Related Questions

5) Who were the Tuskegee Airmen?
A) A group of African-American airplane mechanics
B) A group of African-American cooks
C) The first group of African-American pilots in the U.S. Military
D) All of the above

Answers

Answer:

C. The first group of African American pilots in the U.S. Military

Explanation:

Answer: C

Explanation: just google it and the answers right there

What is the form of government described in the scenario below?*
Students at Whoville
Elementary all vote on
what class the school
offers every year, as well
as what to have for lunch.
O representative democracy
O absolute monarchy
O direct democracy
socialism

Answers

direct democracy

Explanation:

they are directly voting for what classes and what lunch. they are not voting for representatives to make those decisions for them so it is not representative democracy. therefore the only correct answer would be direct democracy

Catalina wants to make socially responsible purchases. Which question
should she ask?

Answers

Answer: c

Explanation: if she wants to be socially responsible she should ask wether we can renew the resorces

The atomic bomb slowly killed between 80,000 and 120,000 people in Hiroshima. True or False?

Answers

Answer:

False

Explanation:

It immediately killed those ppl

I just took the test! xx

Explain how governments working together helps the people.

Answers

Answer:

Governments working together help the people by allowing for greater funding of programs and also allows citizens to communicate with all of the government.  

Explanation:

I did this on edg :)

Governments working together benefit the populace by increasing program financing and facilitating communication between residents and all levels of government.

What do the government do for their people?

In order to ensure the welfare of its people, the government performs a number of tasks, including decision-making and implementation. Roads and schools are constructed. It involves making choices on how to enhance the supply of power or how to decrease the price of necessities when they become too expensive. A government is in charge of establishing and enforcing social norms, as well as managing the military, foreign policy, the economy, and public services.

While all governments have similar functions, depending on the type of government, those duties are carried out in various ways. The Constitution's preamble states that "We the People of the United States" created it "in Order to form a more perfect Union, establish Justice, and guarantee domestic tranquillity."

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How do I make friends?

Answers

Answer:

Just be nice and polite to others

Explanation:

just talk and be nice and start off with a good conversation

Trees have genes that control their height, flowers, fruits and more. Based on this sentence, what is the relationship between genotype and phenotype? Does genotype determine phenotype or does the phenotype determine the genotype? Explain in 1-2 sentences.

Answers

Genotype defines Phenotype. Genotype is the gene and DNA makeup of the organism while phenotype is the way the organism physically looks in result to the genotype.

A shoe repair company starts buying out all the local shoe repair companies. Once it is the only shoe repair company in town, it sharply raises prices. This might be a violation of which of the following types of laws?

A. Regulatory
B. Patent
C. Antitrust
D. Supply and demand

Answers

Answer:

A. Regulatory

Explanation:

It’s regulatory have Finn

For several years there were two popes— Text to speechSaved at 08:57 AM!
a
one honest and one corrupt.
b
one elected and one appointed.
c
one in France and one in Rome.
d
one Catholic and one Protestant.

Answers

Answer:

This is a bit too little to go off of. But I'm gonna guess D.

Also, what do you mean by "Text to speechSaved at 08:57 AM?" xd

The population of a town is divided into three age categories. A random sample of each category is surveyed about voting
choices. This type of sampling is called
cluster sampling.
stratified sampling.
simple random sampling.
systematic random sampling.

Answers

Answer:

stratified sampling

Explanation:

Stratified random sampling is a method of sampling in which a population is divided into smaller groups based on characteristics like male and female or education level to complete the sampling process. These smaller groups are known as strata. Under stratified sampling, the sample size required to achieve a given precision can be reduced.

Answer:

B. stratified sampling

Explanation:

Correct on e

1. Which personality assessment would you recommend for use by employers? Choose from the Rorschach Test, the TAT, the MMPI, or the MBTI inventory.
 
 
 
2. Why is the test you chose better than the other tests? Use evidence from the text to show the “problems” with the other personality tests.
 
 
 
 
3. Describe the reliability and validity of the assessment you chose (copy this information from the chart on the bottom of page 5 in the lesson for your assessment).
 
 
 
 
4. Does the reliability and validity of the assessment support the employer’s case or the employee’s case in the commuter rail service article? Explain your reasoning. NOTE: The employers are looking for focused introverts who are good at repetitive tasks and don't become distracted while operating a train. The employees argue that the tests are not relevant measures of a trained and experienced employee's ability to safely operate trains.

 

Answers

The TAT because it’s more useful I believe

I believe it's the MMPI-2 since it provides the most information, ranging from symptoms of psychological disorders, self-esteem, to emotions.

What is a debit card most like?

Answers

Answer:

a savings account

Explanation:

Well, yes it’s most like a savings account because you put in money, and take it out later when needed

What is the definition of citizenship?

A. The legal protections of an individual.
B. The legal age at which a resident can vote.
C. The nation in which an individual was born.
D. The legal recognition of a resident of a nation.

Answers

The answer is D although it can include all of these things. The defining answer is D.

Answer:

D

Explanation:

What is the loess of the Yellow River?
the source of the river on the high Tibetan Plateau
the twists and turns that cause the river to flood
fertile, yellow-brown silt
a term referring to the flooding of the river

Answers

d. a term referring to the flooding of the river.
explanation:
C. Yellow-brown silt

Fill in the blank.
Money in the form of metal coins is called______

Answers

Answer:

Money in the form of metal coins is called a specie.

Explanation:

Located near Africa’s coasts and rifts, __________ are steep slopes and cliffsides that are caused by erosion.
A.
basins
B.
aquifers
C.
steppes
D.
escarpments

Answers

Answer:

Escarpments are steep slopes and cliffsides that are caused by erosion.

Answer: D. Enscarpments

Explanation:

Which of the following countries has two major political parties? A. the United States B. France C. England D. China Please select the best answer from the choices provided A B C D

Answers

Answer:

A. united states

Explanation:

Answer:

A.United States.

Explanation:

There is the republican party and the democratic party. They are both major parties in the U.S. Hope this helped!

Which of the following is an example of a colonial legacy

A. Argentina has had repeated problems with inflation

B.The people of Suriname speak Dutch

C. The Inca controlled the west coast of South America

D. So-called banana republics have corrupt governments

Answers

Answer:

B. The people of Suriname speak Dutch

Explanation:

Got it right on A P E X

Please mark as brainliest? =D

The people of Suriname speak Dutch is an example of a colonial legacy. The correct answer is Option B.

The fact that the people of Suriname speak Dutch is an example of a colonial legacy. Suriname was a former colony of the Netherlands, and the Dutch language has persisted as a result of the colonial influence. The correct answer is Option B.

The Dutch colonizers introduced their language to Suriname, and even after gaining independence, the use of Dutch as an official language and its prevalence in Surinamese society reflects the historical connection to the colonial past. This linguistic legacy is a tangible example of how colonialism has left a lasting impact on the culture and identity of Suriname. The use of the Dutch language in Suriname today is a direct result of the historical colonization by the Netherlands, and it serves as a reminder of the colonial era.

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The problem that Lincoln saw with the Emancipation Proclamation was that it could potentially be reversed after the end of the Civil War if leaders viewed it as only a wartime measure. How did Lincoln attempt to solve this problem?

Answers

Answer:

Explanation:

President Lincoln justified the Emancipation Proclamation as a war measure intended to cripple the Confederacy. Being careful to respect the limits of his authority, Lincoln applied the Emancipation Proclamation only to the Southern states in rebellion.

The Emancipation Proclamation was justified by President Abraham Lincoln as a war action designed to damage the Confederacy. Lincoln implemented the Emancipation Proclamation only to the Southern states in rebellion, mindful of his authority's constraints.

About The proclamation:

The proclamation was not a law established by Congress, but rather a presidential decree. It bolstered the Republican Party, allowing them to remain in power for another two decades.

As a result, Lincoln advocated for the anti-slavery amendment to be added to the US constitution, ensuring that it would be permanent.

In 1865, the 13th amendment abolished slavery in the United States. since the union was encountering difficulties by the end of 1862 Battles had been won by the Confederate Army over the Union Army.

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Key detail analysis. Re-read the sentences below:
“Now, as then, we ask the question of all questions: what was the meaning of what was so routinely going on in this kingdom of eternal night? What kind of demented mind could have invented this system?”

1) Why was Auschwitz a “kingdom of eternal night”?
2) Why does he refer to a “demented mind”?

Answers

Answer:

1.) Auschwitz was a nightmare for Jews full of fear, uncertainty, and darkness. Therefore, the author compares the camp to a never-ending night because it was exactly like that. In the night, there is danger and criminals don't have to worry about being seen due to a lack of light.

2.) The author refers to Hitler and the other leaders of the camp as possessing a "demented mind" because the things that occurred in the camp were nothing short of devilish and cruel. I think the author believes that these leaders might even be a bit crazy or mentally unstable to create such a place.

Think back to when you first learned in school about the first thanksgiving what images come to mind

Answers

Turkey, leaves, orange, yellow, feast, thankfulness, and family

describe the different problems faced by the Continental Army in Canada and New York.

Answers

Answer:

Some problems they had was that they couldnt supply their soldiers with needed goods. They also lacked organization and money. Also, people who were in charge of delivering the supplies they needed, werent even honest, this caused army supplies to come late or to not even come at all.

Explanation:

Referring to the investment pyramid above explain what investments would be a wise starting point for the new investor

Answers

Answer: The Bottom Level

Explanation:

Whilst I see no invest pyramid, I can infer for your question because Investment Pyramids are usually of the same structure.

They start with low risk instruments at the bottom. Then as one goes higher up the pyramid they encounter riskier investments. For instance, Equity stocks occupy the middle of the pyramid whilst Speculative stock such as stock from a small new company occupy the top.

As a new investor, it would be recommendable to start at the bottom of the Pyramid because those instruments are of lower risk and require less intensive control.

Instruments such as Government bonds as well as Treasury Bills, Money Market mutual funds, and Short-term Certificates of deposit.

This will ensure that the investor learns the basics, gets experience and suffers little risk.

Answer:

the guy above me is right

Explanation:

On the map above, country A is __________.
A.
Egypt
B.
Ethiopia
C.
Sudan
D.
Libya

Answers

On the map above, country A is Egypt. Thus option (A) is correct.

What is a map?

A map is a visual representation of an entire area or a part of an area. It is typically represented on a flat surface.

The work of a map is to show the specific and detailed features of a particular area, most frequently used to illustrate geography.

There are many kinds of maps like static, two-dimensional, three-dimensional, dynamic and even interactive.

The maps represent various things like political boundaries, physical features, roads, topography, population, climates, natural resources and economic activities.

With the development in technologies, the creation of maps with fine details was also done. They became more accurate in shape and less resistant to wear and tear.

On the map above, country A is Egypt. Therefore, option (A) is correct.

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In different times of history why have infectious disease epidemics appeared suddenly, killed many people, then faded out?

Answers

Answer:

maybe because everybody who eventually got the disease died and the disease died with the people

Explanation:

Answer:

Well they only last for a certain amount of times. Or they are only around for certain seasons on are only in certain areas. Like the flu you normally only see people get it during the winter, that's when it is at it's strongest. They start to fade out because people slowly start to build immunity on them or start to develop different ways to protect themselves.

Explanation:

Hope I helped:)

How does central idea first emerge in the article?
(A) through quotes from the media's biased and sensationalized representation of the Central Park Five
(B) through examples of language the media now uses to intentionally stereotype teens of color potentially
involved in crime
(C) through evidence of intentional exclusion of the word "alleged" when discussing the Central Park Five
(D) through descriptions of different ways that the media has provided sensational but inaccurate headlines

Answers

I think is D that what i think ::;::::::::);:;:((:((:;

What was the day called that Caesar was assassinated? *

Answers

Answer:

ides of march

Who was the White House Independent Council member who presented evidence against Bill Clinton to the House of Representatives?

A)
Monica Lewinsky

B)
Richard Nixon

C)
J. Edgar Hoover

D)
Kenneth Starr

Answers

Answer:

the answer is a monica lewinsky

hope it helps

Explanation:

2. List two ways unstable government policies have worsened the food crisis in Africa.​

Answers

Answer:

Two ways that the govermment policies have worsened the food crisis in Africa is the govermment the storage for food is not enough for population of Africa,and also relegional conflits

Explanation:

What was the key difference between McDonald v Chicago and Dc v heller

Answers

I don’t know the difference between McDonald v Chicago and dc v heller
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