Paragraphs and Topic Sentences

Paragraphs and Topic Sentences - The way that people take...

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Interest rates play a major part in our decision making when it comes to making a major purchase. Interest rates are very important to consider when we are buying a new car or house. The amount of money that is paid to the interest on these purchases could be very high. If a consumer were to shop around for lower rates; they would be able to put the money saved towards the principal cost. This is why we need to shop around for the best interest rate on the loan we are taking out for the new purchases. It may be time consuming to shop around, but well worth it in the end.
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Unformatted text preview: The way that people take into consideration the purchase of a new home should also be put towards the way credit cards are used. Credit cards also can carry a high interest rate, as a purchase of a new home would. It is important to shop around for low interest credit cards, so that we are not paying so much towards finance and interest rates. Therefore we would be paying more towards the principal. This would allow the principal balance to get paid of faster, and your interest rate may even be lowered....
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