Questions from Personal Finance

Q: Which alternative lender probably charges the highest interest rate?

Which alternative lender probably charges the highest interest rate?

Q: Summarize the FTC’s cooling-off rule to cancel a contract.

Summarize the FTC’s cooling-off rule to cancel a contract.

Q: Distinguish between mediation and arbitration.

Distinguish between mediation and arbitration.

Q: How do lemon laws work?

How do lemon laws work?

Q: Are prepayment penalties such as that applied with the rule of 78s

Are prepayment penalties such as that applied with the rule of 78s justified? Why or why not?

Q: Summarize how a small claims court work.

Summarize how a small claims court work.

Q: Explain why the portions of a monthly mortgage payment that are allocated

Explain why the portions of a monthly mortgage payment that are allocated toward interest and toward principal will vary as the loan is repaid.

Q: Distinguish between a conventional mortgage loan and an adjustable-rate loan

Distinguish between a conventional mortgage loan and an adjustable-rate loan.

Q: Identify the two ways that homebuyers build equity in their property.

Identify the two ways that homebuyers build equity in their property.

Q: Identify the four types of automobile insurance coverage.

Identify the four types of automobile insurance coverage.