Melanie is looking for a loan. she is willing to pay no more than an effective rate of 9.955% annually. which, if any, of the following loans meet melanie’s criteria?
options:
loan a: 9.265% nominal rate, compounded weekly
loan b: 9.442% nominal rate, compounded monthly
loan c: 9.719% nominal rate, compounded quarterly
answers:
a. b only

b. a and c

c. a and b

d. none of these fit melanie’s criteria.

Sara has been reading about different types of financial grants, including federal pell grants, academic competitiveness grants, smart grants, and teach grants. which statement about these grants is true? filling out a fafsa will not her apply for these grants. she will not have to pay back any funds she receives from these grants. these grants only go to students with less than a 3.0 gpa. she will have to pay back all the funds she receives from these grants.