What (weighted) average interest rate are Graham and Stacy currently paying? What (weighted) average interest rate will

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What (weighted) average interest rate are Graham and Stacy currently paying? What (weighted) average interest rate will they be paying after loan consolidation? (Include the Canada Student Loan in both calculations.) 6. Give two reasons why the PBR set the condition that Graham and Stacy use part of the line of credit to pay off the car loan. 7. Give two reasons why the PBR did not suggest a $27,000 line of credit and require that Graham and Stacy use the extra $7000 to pay off the Canada Student Loan.
Line of Credit
A line of credit (LOC) is a preset borrowing limit that can be used at any time. The borrower can take money out as needed until the limit is reached, and as money is repaid, it can be borrowed again in the case of an open line of credit. A LOC is...
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