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THIS WEEK'S 5-QUESTION CHALLENGE

CHOOSE YOUR ANSWER.
UNDERSTAND THE TRADEOFFS.

Practice decisions that appear in real financial life. Every answer includes a clear explanation and a related Money Library entry.

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REAL-LIFE MONEY SCENARIODEBT · QUESTION 1 OF 5
THE SITUATION

A consolidation loan would lower your payment from $410 to $285, but it adds an origination fee and stretches repayment from three years to five.

What comparison is needed before calling the offer cheaper?