1. The commonly accepted, most important difference between "good debt" and "bad debt" is that...

Group of answer choices

a. Good debt features financing costs that are lower than interest rates that can be earned through savings accounts at banks.

b. Debt is never good.

c. Good debt comes with longer loan maturities.

d. Good debt helps generate value and increase wealth.

Question 2

You are willing to pay $640 monthly for a car loan and currently have $3,000 that can be used toward down payment. You are offered a three-year loan at an APR of 3%. Loan payments are to be paid monthly. What is the maximum car price that you can afford?

Question 3

Youre eyeing on to purchase a $25,000 vehicle. With a $1,000 down payment, three-year loan at a 4% interest. What would be your monthly payments?

Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67).