Ignoring taxes (which may or may not come into play anyway) for a moment: The interest rate, which is the cost of boworring the money, is identified. The lower the rate, the financially better. Simple. But, I'll bet the low Cr Card rate is for a short period, like 6 months, after which it may become much, even several times higher than the HE loan, (which is probably for a payout over many years). Presumably your not expecting to pay off the loan when the rate changes, and as the Cr Card would likely turn out to NOT be the rate your saying here over the entre period you would keep the loan, it would be much higher = financially bad. You also can consider that many Cr Cards have transfer fees, etc. which, like fee's to establish a credit line, work to increase the rate you ultimately pay. Finally, if the HE loan qualifies (there are a number of conditions that need to be met), as a tax deductible mortgage, the rate is effectively lower by the added income tax savings you enjoy. (Of course you only get this if you itemize deductions to start). Say you pay income tax at a 25% rate ($25 for every $100 of taxable income). A rate you need to calculate for yourself, as it changes for everyone and situation. Then, if the HE loan is deductible (the Cr Card one can't be, as it isn't secured by the residence), for every $X of INTEREST (not the principle portion of the payment, only the interest portion), the income tax you would normally pay is lowered by that percentage, so compared to not getting any deduction, it's like getting a lower interest charge.
The formula used to determine density is mass divided by volume
The particular shape of the slot will determine how its area will be computed. The formula of area applied in calculating the area of the slot will be determined by the shape of the slot.
It has no particular formula. It consists of a combination of hydrocarbons.
The formula to determine speed is Speed= wavelength*frequency
What is the formula to determine the number of triangles in a given square of forty-four triangles?
the formula to determine how muh energyis absorbed by water is energy absorbed = MCâ-²T
Formula=work all ofar time taking
the empirical formula and the molar mass
molar mass/ empirical formula mass
P = f/a
I am not sure
There is no single formula. There are different formulae for different situations.
The chemical formula is determined by chemical analysis of the components.
F=ma or a=dV/dt can be used to determine acceleration.
By knowing its valency
A person cannot determine the area of a shape without a formula for a composite figure. A formula must always be implemented in order to properly come with an equation.
A special case happens when the particular formula doesn't apply to a particular equation.
There are 4 step to determine molecular formula, which are given bellow Step:1:- Find empirical formula Step:2:- Find empirical formula mass Step:3:- Find n n=molecular mass/empirical formula mass Step:4:- now find molecular formula to find molecular formula molecular formula(empirical formula)n
A formula in chemistry is a shorthand way of saying what elements make up a particular substance
determine the emperical formula of an oxide of iron which has 69.9% iron and 30.1% dioxygen by mass