Assignment 5: Credit and Loans
(25.0 points)
1. If you are borrowing money and paying interest, would you prefer an interest rate that compounds annually, quarterly, or daily? Why? (2-4 sentences. 1.0 points)
I would want an interest rate that compounds annually. With an annual loan, it doesn’t compound that often which is less interest. 2. In your Section_5 folder, navigate to and open the Example_Credit_Report, and then answer the questions below.
a. What is the total balance of Jessie Robinson 's real estate account? (0.5 points)
$19,100
b. What is the total balance of Jessie Robinson 's revolving account? (0.5 points)
$500
c. Has Jessie Robinson ever applied for bankruptcy? (0.5 points)
No
d. How many creditors
*…show more content…*

(3-6 sentences. 2.0 points) What services do you offer? Will I have a formal written agreement or contract with you? What if I can 't afford to pay your fees or make contributions? In addition to helping me solve my immediate problem, will you help me develop a plan for avoiding problems in the future? 10. Visit the website

Related

- Decent Essays
## Assignment 3

- 673 Words
- 3 Pages

c. Do you think it is best to keep track of finances using a check register, a bank statement, or both? Why? (2-4 sentences. 1.0 points)

- 673 Words
- 3 Pages

Decent Essays - Decent Essays
## Assignment 3 Essay examples

- 690 Words
- 3 Pages

a. According to the bank statement, how many checks were written from this account during the statement period? (0.5 points)

- 690 Words
- 3 Pages

Decent Essays - Decent Essays
## Essay on Assignment 4: Saving and Investing

- 919 Words
- 4 Pages

3. Would you rather have a savings account that offered simple interest, or an account that offered compound interest? Why?

- 919 Words
- 4 Pages

Decent Essays - Better Essays
## Assignment 4

- 6890 Words
- 28 Pages

"What is necessary to change a person is to change his awareness of himself. --

- 6890 Words
- 28 Pages

Better Essays - Better Essays
## Assignment 1

- 2521 Words
- 11 Pages

Looking back from when I began my career, I can say I came a long way learning the concepts of understanding the expectations that arose from all my positions. In my first job just after graduating, I was appointed as a Business Accountant of a multinational company. Since then, I was caught in the myth that people who were in leadership positions or high ranking were leaders. Being in a junior position, I could have the least effect on any new ideas as my voice seems to have landed in deaf ears. I have seen how those businesses were not in line with their Missions and Values only to find later that many of the staff had left the company.

- 2521 Words
- 11 Pages

Better Essays - Satisfactory Essays
## Assignment 3

- 173 Words
- 1 Pages

I believe that Excel can enhance the younger generations math learning skills. I think that as long as the basic math skills of calculating numbers are learned and mastered first, then Excel can be of a great benefit in the development of the critical thinking skills that are necessary to implement all of the different formulas. I believe that this kind of critical thinking that is required to realize how to formulate the data is a very important skill to develop. I do think that the younger generations and everyone else's calculating skills become a "little rusty" because of continually relying on Excel to do all of the calculating instead of doing the math out longhand, but this can occur even through the use of calculators. I think Excel

- 173 Words
- 1 Pages

Satisfactory Essays - Better Essays
## Mortgage Options Analysis

- 1161 Words
- 5 Pages

Option 2: A 15-year fixed rate mortgage with two points and an APR of 4.5%, compounded monthly.

- 1161 Words
- 5 Pages

Better Essays - Decent Essays
## Assignment 12-1

- 1360 Words
- 6 Pages

After reading the above statement, did you miss any species in your gut content sampling? If so, which ones?

- 1360 Words
- 6 Pages

Decent Essays - Good Essays
## Assignment 1

- 1368 Words
- 6 Pages

addition, the policy indirectly supports the families of the elderly. It does so by offering services to caregivers that prevent or shorten costly nursing home placements, relieving financial strain, and providing educational programs to give a better understanding of aging. However, due to insufficient funding OAA services have restricted access and cannot reach all the elderly in need. Statistical demographics reveal that 27% of seniors that are receiving services are below the poverty line, recipients are more likely to be female (71% vs 57%), twice as likely to be rural, more likely to live alone, have less income, less educated, and less healthy than the average senior (Herrera 2013).

- 1368 Words
- 6 Pages

Good Essays - Decent Essays
## Healthcare Finance Chapter#9 Answers Essay

- 1221 Words
- 5 Pages

Therefore the annual interest rate is 8% and the effective annual rate compounded quarterly is 8.24%

- 1221 Words
- 5 Pages

Decent Essays - Satisfactory Essays
## Time Value of Money Essay

- 708 Words
- 3 Pages

a. How much would the payment be if rate of interest is 5% and you only financed the truck for 48 months?

- 708 Words
- 3 Pages

Satisfactory Essays - Good Essays
## Essay about Fin221 Preflight

- 9362 Words
- 38 Pages

Which of the following has the lowest time value of money at the same interest rate for the same number of payments?

- 9362 Words
- 38 Pages

Good Essays - Decent Essays
## Problem Set 1

- 842 Words
- 4 Pages

5) Show all work, as partial credit will be given for each question’s answer. Organize your work so it is easy to follow. You can use word, power point, excel or combinations of the above.

- 842 Words
- 4 Pages

Decent Essays - Satisfactory Essays
## Financial Management

- 676 Words
- 3 Pages

11. What is the relationship between an effective annual (compounded) rate (EAR) and the annual percentage rate (APR) for a loan requiring monthly payments? A. The APR is lower than the annually compounded rate. B. The APR is higher than the annually compounded rate. C. The APR equals the annually compounded rate. D. The answer depends on the interest rate.

- 676 Words
- 3 Pages

Satisfactory Essays - Better Essays
## Difference Between Forward And Spot Rate

- 1724 Words
- 7 Pages

Compound Interest is higher in comparison to the Simple Interest because the interest is being charged monthly on the principal and the accrued interest from the previous months.

- 1724 Words
- 7 Pages

Better Essays