Question: If Brad s stocks double in value over the next five
If Brad’s stocks double in value over the next five years, what annual return would he realize? Based on his projected annualized return, would it be advisable to sell the stocks to pay off his credit card? Should Brad consider shopping for a new credit card?
Answer to relevant QuestionsHow would you address Brad’s reluctance to pay off his credit card balance? Show him what he could earn in five years if he paid it off and invested the interest saved at 6%. What is simple interest? What information is needed to compute it? What information is contained in a loan repayment schedule? What are the advantages and disadvantages of leasing a car? Give some advice for someone considering leasing. What information is included in a loan contract? How is the amount of the loan determined? Tracy is borrowing $ 8,000 on a six- year, 11%, add- on interest loan. What will Tracy’s payments be?
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