Multiple Choice
One disadvantage of financing a new car with a 15-year home equity loan is
A) the interest is tax-deductible.
B) the interest is not tax-deductible.
C) you are mismatching the asset life with the term of the loan.
D) There are no disadvantages of borrowing on a home equity loan.
Correct Answer:
Verified
Correct Answer:
Verified
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