Consider the following places where a loan may be obtained: banks, savings and loans, credit unions, and

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Consider the following places where a loan may be obtained: banks, savings and loans, credit unions, and pawnshops. Write a report that includes the following information:

(a) Describe the ownership of each.

(b) Historically, what need is each fulfilling?

(c) What are the advantages and disadvantages of obtaining a loan from each of those places listed?

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A Survey of Mathematics with Applications

ISBN: 978-0134112107

10th edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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