A college student wants to buy a new guitar. Unfortunately, she doesn't have enough money to pay for it all at once. She'd like to pay for it in small installments over a few months. Which type of loan would most help solve her problem? A. A mortgage B. A line of credit C. A credit card D. A student loar
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While her options might seem overwhelming, the best choice for the guitar situation would often lean towards a line of credit. This way, she can draw from a set credit limit, making payments in manageable chunks while avoiding high interest that can rack up with credit cards. Additionally, many music stores offer financing options specifically for instruments, allowing her to break down the total cost into small monthly payments with little or no interest. This makes owning that shiny new guitar not just a dream but a reality she can strum to in no time!
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