Question: EY 3. When repaying a loan using the four plans presented in Chapter 3 (assuming no taxes and no inflation), what can be said about

said about the borrower's preferred payment plan? a. Since Plan 3 is

EY 3. When repaying a loan using the four plans presented in Chapter 3 (assuming no taxes and no inflation), what can be said about the borrower's preferred payment plan? a. Since Plan 3 is most commonly used, it is the preferred method. b. Plan 2 is preferred if the borrower's TVOM

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