Personal Finacne

Assignment 5: Credit and Loans (25.0 points) 1. If you are borrowing shoes and even uping interest, would you prefer an interest regularise that compounds annually, quarterly, or day-to-day? wherefore? (2-4 sentences. 1.0 points) If I were doing either, I would want an interest yard that compounds annually. With an annual loan, it compounds less often because, less interest pay overall. 2. In your Section_5 folder, navigate to and open the Example_Credit_Report, and then answer the questions below. a. What is the earthy equaliser of Jessie Robinsons echt estate account? (0.5 points) $19,100 b. What is the total residuum of Jessie Robinsons revolving account? (0.5 points) $500 c. Has Jessie Robinson ever applied for bankruptcy? (0.5 points) nary(prenominal) d. How galore(postnominal) honorable mentionors have do inquiries about Jessie Robinsons creed? (0.5 points) 3 assignors. e. Do you moot Jessie Robinson usually pays bills on time and in bountiful? (1-2 sentences. 1.0 points) Yes and Yes. On her Credit Report, it shows her current and due balances, ect. f. Do you think Jessie Robinsons credit score would be great, practice, or criminal? Why? (1-3 sentences. 1.0 points) I would say its on the normal to poor side. But then again, it could be great.

I honestly think its on the normal side, myself She hasnt invested into mounty grown things, therefore her credit score probably isnt difference to be great but thats okay. 3. Describe a real or made up but practical internet site in which you would want to use facility credit. (2-4 sentences. 1 .0 points) Possibly, for a made up situa! tion, you could use an installment credit for purchasing a car. The company that is giving you the installment credit is taking a debt-investment into their hands therefore, they will most liable(predicate) charge you a high interest rate. 4. Describe a real or made up but possible situation in which you would want to use noninstallment credit. (2-4 sentences. 1.0 points) My grandma has make a non-installment credit once...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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