PROBLEMS (p. 180) 1. A few years ago‚ Simon Powell purchased a home for $150‚000. Today‚ the home is worth $250‚000. His remaining mortgage balance is $100‚000. Assuming that Simon can borrow up to 75 percent of the market value‚ what is the maximum amount he can borrow? (LO 5.2) Present market value of Simon’s home = $250‚000. Simon can borrow up to 75 percent of the market value‚ or $187‚500. Simon still owes $100‚000 mortgage on his home. Therefore‚ he can borrow an additional $87‚500. 2. Louise
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interest on your credit card debt If you have credit card debt‚ you’re paying interest—unless you’re currently paying off debt with a zero-percent introductory offer. Even then‚ you’ll eventually need to pay interest on that credit card debt if you still have a balance once the introductory period ends. Nobody wants to pay credit card interest‚ but it’s just a requirement of using credit cards. While there might not be a way to get around those interest charges on the credit card debt you already have
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Balance sheets: the basics A balance sheet is a financial statement at a given point in time. It provides a snapshot summary of what a business owns or is owed. It states what assets the business ownes and what it owes – liabilities‚ at a particular date. The balance sheet is uded to show how the business is being funded and how those funds are being used. The balance sheet is used in three ways: • for reporting purposes (limited company’s annual accounts) • help interested
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Analysis of Credit Card Debt UNKNOWN - - - - - - - - - - - - University online MAT109 A01 Introduction Credit card debt is one big struggle in America. This is due to poor income‚ divorce settlements‚ unemployment and even gambling. Don’t have any health care benefits? In need to go to the doctor? If yes‚ then there is a medical bill coming your way. Taking out loans and borrowing money creates more debt if you can ’t pay it in on time. Many debt collectors need to be consolidated
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The commoditization in the credit card industry According to the Brand Keys (www.brandkeys.com) Brand Survivability Assessment‚ American Express (# 20) is the only financial brand in the top 50 brands recognized by Americans . Credit cards have become a commodity. From a historical perspective‚ store credit cards were the "modern" thing when they were introduced as new and convenient. They provided an additional touch point for stores with consumers‚ and some actual continuity early on too. But
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Homework Exercise 29 Grand Canyon University December 23‚ 2012 1. Were the groups in this study independent or dependent? Provide a rationale for your answer. Answer- The group studies were independent. They were being tested by gender‚ male and female. They were also not matched or paired with each other. 2. t = −3.15 describes the difference between women and men for what variable in this study? Is this value significant? Provide a rationale for your answer. Answer- The variable
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The Effect of Learning Style on GPA Scores Background Statement In this mathematical project‚ I will be investigating the learning style of a student and its effect on the student’s GPA. I think that learning style has a big effect on GPA. Every student has a different learning style. Some students are visual learners where they have to see diagrams or pictures to understand ideas and concepts. Some students are “hands on” or kinesthetic learners where they have to actually be doing an activity
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The Balance of Liberty and Order History 101 During the 1780’s there was much turmoil and conflict in establishing a solid government. It seemed that everyone had their own opinion on what would be beneficial to maintain liberty and order. There were many problems with the Articles of Confederation‚ which had a failing result. The Articles of Confederation were the initial cause of the dramatic decline in the organization of the early United States. In response to this‚ people had many different
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Prior to this‚ both classes averaged comparable exam scores. a. What is the hypothesis? Snacks improve a student’s test performance b. What is the control group? The students that were not allowed snacks during testing c. What is the experimental group? The group that was allowed snacks during testing d. What is the independent variable? The snacks e. What is the dependent variable? The exam scores Activity 2 – Fill in the grid below: | Pros
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Tips to find work-study balance Balancing between part time job and study time is a big problem for many students‚ the more so in the period of severe economic downturn. It’s a fact of life that many students now take part time or temporary jobs during the academic term. Working while studying is a good idea to learn new things and develop your skills. It is not just about the academic skills‚ but also soft skills that will be valued a lot when you later work professionally or start a business
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