Questions from Personal Finance


Q: Summarize how interest is calculated on a consumer loan that uses the

Summarize how interest is calculated on a consumer loan that uses the add-on method.

See Answer

Q: What is the effect of the rule of 78s when a borrower

What is the effect of the rule of 78s when a borrower repays an add-on method loan early?

See Answer

Q: Explain how the interest is calculated on a consumer loan that uses

Explain how the interest is calculated on a consumer loan that uses the discount method.

See Answer

Q: List some disadvantages of trying to sell a home yourself.

List some disadvantages of trying to sell a home yourself.

See Answer

Q: List one advantage and one disadvantage of using a real estate broker

List one advantage and one disadvantage of using a real estate broker to sell a home.

See Answer

Q: Describe two costs associated with selling a home in addition to the

Describe two costs associated with selling a home in addition to the real estate commission.

See Answer

Q: Explain how purchasing an umbrella liability insurance policy applies the large loss

Explain how purchasing an umbrella liability insurance policy applies the large loss principle.

See Answer

Q: Who should consider buying flood and earthquake insurance?

Who should consider buying flood and earthquake insurance?

See Answer

Q: Give two examples of someone who might want to purchase a floater

Give two examples of someone who might want to purchase a floater insurance policy.

See Answer

Q: Describe what would encourage you to invest in real estate given that

Describe what would encourage you to invest in real estate given that in recent years prices in some communities have declined.

See Answer