Consumer debt outstanding

Assignment Help Financial Management

Reference no: EM131186392

Assume you have $23,000 in consumer debt outstanding. The average annual interest rate on credit cards was 17%. The average rate on home equity credit lines was 6%. If you borrow the $23,000 through a home equity line, what would your after-tax cost of debt assuming you are in the 30% tax-bracket

Reference no: EM131186392

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