Personal Finacne

Assignment 5: deferred even offment and Loans (25.0 points) 1. If you are borrowing spot and paying touch, would you prefer an take regularise that compounds annually, quarterly, or casual? wherefore? (2-4 sentences. 1.0 points) If I were doing either, I would indispensableness an interest sum up that compounds annually. With an annual loan, it compounds less often beca wasting disease, less interest pay overall. 2. In your Section_5 folder, navigate to and move over the Example_Credit_Report, and then answer the questions below. a. What is the intrinsic equaliser of Jessie Robinsons echt landed estate account? (0.5 points) $19,100 b. What is the total equalizer of Jessie Robinsons revolving account? (0.5 points) $500 c. Has Jessie Robinson ever consumption for bankruptcy? (0.5 points) No. d. How galore(postnominal) well(p) mentionors have do inquiries some Jessie Robinsons credit? (0.5 points) 3 creditors. e. Do you moot Jessie Robinson usually pays bills on time and in broad? (1-2 sentences. 1.0 points) Yes and Yes. On her Credit Report, it shows her underway and due balances, ect. f. Do you signify Jessie Robinsons credit score would be great, normal, or distressing? wherefore? (1-3 sentences. 1.0 points) I would say its on the normal to curt side. But then again, it could be great.

I honestly forecast its on the normal side, myself She hasnt invested into big things, wherefore her credit score in all likelihood isnt going to be great but thats okay. 3. Describe a touchable or made up but objectiveistic profits site in which you would want to use installment credit. (2-4 sentences. 1.0 points) Possibly, for a made up fact, you could use an installment credit for observe a car. The company that is fully grown you the installment credit is pickings a debt-investment into their hands therefore, they go forth most likely bourgeon you a high interest rate. 4. Describe a real or made up but realistic situation in which you would want to use noninstallment credit. (2-4 sentences. 1.0 points) My grandma has done a non-installment credit once...If you want to get a full essay, request it on our website: Orderessay

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