You have a car loan at an 8% per year interest, school loans averaging 3% per year interest, credit card debt at 14% per year interest, and you are investing in a fund in which you are earning 7% per year. If you have excess cash flow of $200 per month, prioritize where you should make accelerated payments or invest the cash to optimize the financial result. Question 8 options: Credit card debt, car loan, investment, school loan Investment, car loan, school loan, credit card debt Investment, school loan, credit card debt, car loan Always put excess cash to use in an investment

Answer rating: 100% (QA)

Heres the breakdown of where you should prioritize putting your excess cash flow of 200 per monthbas... View the full answer