Assignment 5

Satisfactory Essays

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

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