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- How does compound interest affect the loans you undertake? For example, how would this affect student loans that are currently in deferral?If you were comparing the costs of loans from different lenders, could you use their APRs to determine the loan with the lowest effective interest rate?In the credit market model with asymmetric information, determine how a consumer will respond to an increase in the fraction of bad borrowers in the population. And discuss how the credit market model with asymmetric information shows how a financial crisis can reduce consumption.
