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12 September, 20:03

Mia decided to purchase a home. She took out a personal loan to pay for the house. What is an advantage of using a personal loan to purchase the home?

A.

Mia will need to carry cash.

B.

Mia could overspend her budget.

C.

Mia will owe money after the purchase.

D.

Mia will probably have a low interest rate.

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Answers (2)
  1. 12 September, 20:19
    0
    My answer is D.

    I got this because when you use a personal loan, you'll get a lower interest rate.
  2. 12 September, 23:41
    0
    D. my answer would be D because Mia will have a low interest rate if she takes out a loan.
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