William Holland is trying to decide whether to apply for a credit card or a debit card. He has $8,500 in a savings account at the bank and spends his money frugally. What advice would you have for William? Describe the benefits and drawbacks of each type of card.
Answer to relevant QuestionsHarvey Singer recently graduated from college and wants to borrow $50,000 to start a business, which he believes will produce a cash flow of at least $10,000 per year. As a student, Harvey was active in clubs, held many ...As a college student, what aspects of these student loan programs appeal to you the most?Briefly describe the basic features of an installment loan.Use Worksheet 7.1. Every six months, Brad Stengel takes an inventory of the consumer debts that he has outstanding. His latest tally shows that he still owes $4,000 on a home improvement loan (monthly payments of $125); he ...Use Worksheet 7.2. Constance Botin wants to buy a home entertainment center. Complete with a big-screen TV, DVD, and sound system, the unit would cost $4,500. Constance has over $15,000 in a money fund, so she can easily ...
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