Describe a real-life personal finance scenario that encompasses the narrative story of what the personal financial activity was (getting a bank loan, buying a car, getting somebody to co-sign your loan, obtaining financial aid) and the financial calculations involved in the scenario. This can be your personal story or that of another person, but you must provide sufficient detail that the story describes the personal element of the financial crisis/problem/situation. What would happen if financial assistance was not received? What effort was involved in successfully getting the financial assistance? Or what did happen when financial assistance was not obtained?  You also need to provide calculations that describe the amount of money (its always about money, isnt it?) involved. What financial decisions (and calculations) were required to make sound choices about whether or not to get the loan, what interest rate one was seeking for a loan, or how much financial aid was essential to allow one to attend the college of your choice?

Answer rating: 100% (QA)

Personal Finance Scenario Getting a Bank Loan to Buy a Car Sarah a recent college graduate secured h... View the full answer