Question: Explain whether the following consumer goods are classified as good or bad debt. Explain your rationale. a. Mortgage b. Home equity line of credit to

Explain whether the following consumer goods are classified as good or bad debt. Explain your rationale.
a. Mortgage
b. Home equity to build a new patio
c. Student loan
d. Gap credit card to purchase new wardrobe
e. Car loan for 2015 Dodge Charger with $0 down payment
f. Car loan for 2015 Ford Focus with $5,000 down payment

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