Bridget Morrow is a sophomore at State College and is running out of money. Wanting to continue her education, Bridget is considering a student loan. Explain her options. How can she minimize her borrowing costs and maximize her flexibility?
Answer to relevant QuestionsAssume that you’ve been shopping for a new car and intend to finance part of it through an installment loan. The car you’re looking for has a sticker price of $18,000. Auto Boss has offered to sell it to you for $3,000 ...Kristin Simon needs to borrow $4,000. First State Bank will lend her the money for 12 months through a single-payment loan at 8 percent, discount; Home Savings and Loan will make her a $4,000, single-payment, 12-month loan ...Assuming that interest is the only finance charge, how much interest would be paid on a $5,000 installment loan to be repaid in 36 monthly installments of $166.10? What is the APR on this loan?Name and explain the most common financial resources needed after the death of a family breadwinner.Briefly describe the steps to take when you shop for and buy life insurance.
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