Question

which of the following decisions is not financially sound?defer your student loan payments with no interest accruingprioritize paying off the highest interest rate loans versus lower rate loansdefer your student loan payments if the interest rate is 7% per annumtake a 60 month zero interest rate car loan

Explanation:

A financially sound decision minimizes unnecessary interest costs. Deferring loans with no interest or taking a 0-interest loan avoids extra costs, and paying highest-interest loans first reduces total interest paid. However, deferring a loan with 7% annual interest means interest will accrue, increasing the total amount owed over time, making this not financially sound.

Answer:

Defer your student loan payments if the interest rate is 7% per annum