Can retirement of debt be relied upon as cost-saving measure
Problem:
Can early retirement of debt be relied upon as a cost-saving measure when incurring long-term debt? Why or why not? Provide an example to support your position.
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Financing a new boat with amortizing loan of $24,000 which is to be repaid in 10 annual installments of $4,247.62 each. What interest rate is Joe paying on loan
Can early retirement of debt be relied upon as a cost-saving measure when incurring long-term debt? Why or why not?
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