Use the questions below to help you think through your future transportation options and resulting budget....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Use the questions below to help you think through your future transportation options and resulting budget. Then address the questions in paragraph format (use the bold topic headings as an indicator to start a new paragraph) in 1.5-2 pages typed, single spaced, 12 pt Arial or New Times Roman font. Americans & Debt (research the answers to these questions): 1. 2. What is the national debt? What are your thoughts about the national debt? For the average American household, how much credit card debt do they have? 3. How do people get trapped in cycles of credit card debt? 4. How do credit cards work? Are they necessary? What do they do to your credit score? 5. What are loan interest rates? Why do they matter? 6. How much debt does the average American college student graduate with? 7. What are your thoughts on these statistics? What do they say about Americans? Your Future Debt: 1. What kinds of debt will you have in the future? (Examples: car loan, college loan, mortgage, credit card) 2. Do you think that debt is necessary in your life? What kinds of debt are you okay with? 3. How will you avoid a cycle of credit card debt? 4. Do you think your future spouse will have debt? Your Future College Debt (only complete this section if you'll have college loans): 1. Take a few minutes to research types of college loans and FAFSA. What types of loans will you take out? 2. How much college debt will you graduate with? What is the interest rate on each of your loans? How long will it take you to pay back these loans (see college repayment estimator link below)? 3. How can aggressively paying back your loans reduce the total amount you pay back? 4. What are your thoughts and feelings about educational loans? Use the questions below to help you think through your future transportation options and resulting budget. Then address the questions in paragraph format (use the bold topic headings as an indicator to start a new paragraph) in 1.5-2 pages typed, single spaced, 12 pt Arial or New Times Roman font. Americans & Debt (research the answers to these questions): 1. 2. What is the national debt? What are your thoughts about the national debt? For the average American household, how much credit card debt do they have? 3. How do people get trapped in cycles of credit card debt? 4. How do credit cards work? Are they necessary? What do they do to your credit score? 5. What are loan interest rates? Why do they matter? 6. How much debt does the average American college student graduate with? 7. What are your thoughts on these statistics? What do they say about Americans? Your Future Debt: 1. What kinds of debt will you have in the future? (Examples: car loan, college loan, mortgage, credit card) 2. Do you think that debt is necessary in your life? What kinds of debt are you okay with? 3. How will you avoid a cycle of credit card debt? 4. Do you think your future spouse will have debt? Your Future College Debt (only complete this section if you'll have college loans): 1. Take a few minutes to research types of college loans and FAFSA. What types of loans will you take out? 2. How much college debt will you graduate with? What is the interest rate on each of your loans? How long will it take you to pay back these loans (see college repayment estimator link below)? 3. How can aggressively paying back your loans reduce the total amount you pay back? 4. What are your thoughts and feelings about educational loans?
Expert Answer:
Related Book For
Business Ethics Case Studies And Selected Readings
ISBN: 9780357453865
9th Edition
Authors: Marianne M. Jennings
Posted Date:
Students also viewed these economics questions
-
La _____ _____________ afirma que los directores financieros deben incrementar la deuda hasta el punto donde el valor de los ahorros fiscales adicionales por intereses resultan exactamente...
-
Question: What as the average weekly safety inventory level of refined sugar from the beginning January 2022 to the end of July 2022? A. 512,465.9691 metric tons per week B. 316,002.1474 metric tons...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Describe the impact of mobile computing upon your business and project its impact in the future. Do the same for social media. In both cases, when considering impacts, consider how each technology...
-
A study is being conducted to determine whether babies born to mothers who have used invitro fertilization (IVF) have a higher rate of infant reflux than the 13% rate for babies born to women who...
-
The Dorilane Company specializes in producing a set of wood patio furniture consisting of a table and four chairs. The set enjoys great popularity, and the company has ample orders to keep production...
-
Fairfield Mortgage Company is a full-service residential mortgage company in the Atlanta area that operates in a very competitive market. The CEO, Richard Sissom, is concerned about operating costs...
-
Part I Debby Kauffman and her two colleagues, Jamie Hiatt and Ella Rincon, are personal trainers at an upscale health spa/resort in Tampa, Florida. They want to start a health club that specializes...
-
QUESTION 4 OF 7 Where does bacteria survive and multiply? Choose only ONE best answer. A Freezer B Refrigerator C Ambient Conditions D Hot Bain-Marie CONFIRM
-
View Policies Current Attempt in Progress Coronado Enterprises purchased equipment on January 1. 2020, at a cost of 354.000. Coronado uses the straight-line depreciation method, a 5-year estimated...
-
= 4% and our We are breeding a mice that is used for biological experiments (approximate cost is about $100 each). Suppose that this breed has a natural rate of increase of r = breeding cage can hold...
-
Laila wants to open her own wedding planning business but she is concerned about whether she has enough money to be successful. Laila contacts Amy, who Laila knows has some experience in funding...
-
While formal contracts are carefully drafted to ensure that each of these elements are fully incorporated in the contract docs, they may have no more validity than contracts drafted on the "back of...
-
Please explain in basic simple ways, including free body diagrams A system consists of two masses m = 2.00 kg and m2 = 7.00 kg connected by a massless and melaya A unstretchable cable over a massless...
-
Joe is an American who obtained his citizenship two years ago. He was recently caught fighting against U.S. forces in Iraq. He says that he is not a member of a rebellious cause but sympathizes with...
-
Matching, Put the number that corresponds to it in the blank space. 1- Bond between a heteroatom and hydrogen ST formation(), with less E 2- Hypochlorous acid 98 mL of water 3- Abundant ions in our...
-
Vince, Inc. has developed and patented a new laser disc reading device that will be marketed internationally. Which of the following factors should Vince consider in pricing the device? I. Quality of...
-
Clarkson Company is a large multi-division firm with several plants in each division. A comprehensive budgeting system is used for planning operations and measuring performance. The annual budgeting...
-
During your examination of the financial statements of Benjamin Industries, the president requested your assistance in the evaluation of several financial management problems in his home appliances...
-
The Justa Corporation produces and sells three products. The three products: A, B, and \(\mathrm{C}\), are sold in a local market and in a regional market. At the end of the first quarter of the...
Study smarter with the SolutionInn App