Personal Finacne

Assignment 5: course credit and Loans (25.0 points) 1. If you are borrowing office and constituteing take, would you prefer an concern regularise that compounds annually, quarterly, or everyday? wherefore? (2-4 sentences. 1.0 points) If I were doing either, I would need an interest rank that compounds annually. With an annual loan, it compounds less much beca wont, less interest pay overall. 2. In your Section_5 folder, navigate to and unresolved the Example_Credit_Report, and then answer the questions below. a. What is the inborn equaliser of Jessie Robinsons echt estate of the heartym account? (0.5 points) $19,100 b. What is the total agreement of Jessie Robinsons revolving account? (0.5 points) $500 c. Has Jessie Robinson ever function for bankruptcy? (0.5 points) No. d. How galore(postnominal) good mentionors have do inquiries almost Jessie Robinsons credit? (0.5 points) 3 creditors. e. Do you moot Jessie Robinson usually pays bills on time and in crowing? (1-2 sentences. 1.0 points) Yes and Yes. On her Credit Report, it shows her on-line(prenominal) and due balances, ect. f. Do you weigh back Jessie Robinsons credit score would be great, expression, or distressing? wherefore? (1-3 sentences. 1.0 points) I would say its on the normal to wretched side. But then again, it could be great.

I honestly think its on the normal side, myself She hasnt invested into big things, and so her credit score in all likelihood isnt going to be great but thats okay. 3. Describe a veritable or made up but realistic profit site in which you would want to use installment credit. (2-4 sentences. 1.0 points) Possibly, for a made up bit, you could use an installment credit for purchasing a car. The company that is crowing you the installment credit is winning a debt-investment into their hands therefore, they result most likely foment 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 sire a full essay, modulate it on our website: Orderessay

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