Questions from Personal Finance


Q: Summarize what is involved in comparison shopping for a safe vehicle.

Summarize what is involved in comparison shopping for a safe vehicle.

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Q: James Canter of Auburn, Alabama, is a good shopper.

James Canter of Auburn, Alabama, is a good shopper. He always comparison shops and uses coupons every week. James figures he saves at least $40 a month as a result. Assuming an interest rate of 2 perc...

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Q: Explain why lease payments for a new vehicle are lower than loan

Explain why lease payments for a new vehicle are lower than loan payments for the same vehicle.

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Q: How do you choose between a low interest rate and a rebate

How do you choose between a low interest rate and a rebate?

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Q: How do you comparison shop between financing and leasing?

How do you comparison shop between financing and leasing?

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Q: What is the standard down payment amount on a mortgage loan?

What is the standard down payment amount on a mortgage loan?

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Q: If you make a down payment that is lower than standard,

If you make a down payment that is lower than standard, identify the extra cost you will be required to pay.

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Q: Why do lenders use points in home loans, and who is

Why do lenders use points in home loans, and who is responsible for paying points?

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Q: Explain why the down payment and mortgage principal and interest understate the

Explain why the down payment and mortgage principal and interest understate the actual up-front and monthly costs of home ownership.

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Q: When should you request that private mortgage insurance be canceled if such

When should you request that private mortgage insurance be canceled if such insurance was required at the time of purchase of a home?

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