Questions from Personal Finance

Q: The Sampsons have been carrying a balance of about $2,

The Sampsons have been carrying a balance of about $2,000 on their credit card. They have been paying the minimum amount due and have been using any excess net cash flows to implement their new saving...

Q: The Sampsons have been carrying a balance of about $2,

The Sampsons have been carrying a balance of about $2,000 on their credit card. They have been paying the minimum amount due and have been using any excess net cash flows to implement their new saving...

Q: What information will you need to supply when applying for credit?

What information will you need to supply when applying for credit? What kinds of attributes are creditors looking for? Do you need to have all these attributes to get credit?

Q: You just borrowed $7,500 and are charged a simple

You just borrowed $7,500 and are charged a simple interest rate of 8%. How much interest do you pay each year?

Q: What is variable life insurance? What are the advantages and disadvantages

What is variable life insurance? What are the advantages and disadvantages of variable life policies? How can individuals avoid the high fees of variable life insurance?

Q: Jarrod has narrowed his choice to two credit cards that may meet

Jarrod has narrowed his choice to two credit cards that may meet his needs. Card A has an APR of 21%. Card B has an APR of 14% but also charges a $25 annual fee. Jarrod will not pay off his balance ea...

Q: Eileen is a college student who consistently uses her credit card as

Eileen is a college student who consistently uses her credit card as a source of funds. She has maxed out her credit card at the $6,000 limit. Eileen does not plan on increasing her credit card balanc...

Q: If Beth had taken the same loan as an add-on

If Beth had taken the same loan as an add-on interest loan, how would her payments differ? Why is there a difference?

Q: Sharon is considering the purchase of a car. After making the

Sharon is considering the purchase of a car. After making the down payment, she will finance $15,500. Sharon is offered three maturities. On a four-year loan, Sharon will pay $371.17 per month. On a f...

Q: Refer to question 5. If Sharon had been able to afford

Refer to question 5. If Sharon had been able to afford the four-year loan, how much interest would she have saved compared to the five-year loan? Data from Question 5: Sharon is considering the purc...