Assignment 5: Credit and Loans (25.0 points) 1. If you are borrowing money and paying interest‚ would you prefer an interest rate that compounds annually‚ quarterly‚ or daily? Why? (2-4 sentences. 1.0 points) If i was borrowing money and paying interest i would prefer that the interest rate was annually. Annually means yearly which means i would only have to pay interest that one time. It might be an expensive amount of money to come up with but at least it’s paid off and you no longer have
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additional $87‚500. 2. Louise McIntyre’s monthly gross income is $3‚000. Her employer withholds $700 in federal‚ state‚ and local income taxes and $250 in Social Security taxes per month. Louise contributes $100 per month for her IRA. Her monthly credit payments for VISA and MasterCard are $65 and $60‚ respectively. Her monthly payment on an automobile loan is $375. What is Louise’s debt payments-to-income ratio? Is Louise living within her means? (LO 5.3) Louise’s Gross Income = $3‚000 Less:
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specific and general risks and offer innovative products. This as per my personal opinion can be achieved by the formal financial institutions even when the so called sound credit principles are applied in a firm-specific manner to suit individual borrowers. In order to obtain bank credit‚ SME loan applicant shall prepre an effective credit proposal ‚in a way‚ that the financial institution could consider favourably . SMEs such as restaurants‚ lathe-work shops‚ brick-kilns‚ grocery stores‚ rice mills
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Angela Zheng Mr. Ramsay English 10 January 17th‚ 2014 Charging Head First into the Fire No one can change the inevitable. Yet how one adjusts to change is what defines whether the passage of time brings “fortune” or “misfortune” to an individual. When such changes lead to drastic alteration to one’s circumstances‚ it is commonly referred to as fate‚ or the will of some higher being. Chinua Achebe’s Things Fall Apart implies how a single man’s resolve led to both his triumph and fall due to an
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Cloud computing is becoming the way to go in the corporate world‚ and venture capitalist firms are taking note. Realizing that the cloud is only as good as one’s access to it‚ many corporations are seeking to ensure that their Wide Area Network – or WAN – is reliable‚ allowing for quick access to software. WAN optimization is becoming the latest hot ticket‚ and many venture capitalist firms are getting in on the wave of the future. WAN optimization is a relatively mature field. However‚ the
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Edmee Ferrer PUB SPEAKING ENHANCED 492779 Professor Anderson Listening to the Women’s Rights was very moving and it really touched me and I learned a lot about what women had to go through and are
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Nowadays‚ the media has greater and greater influences on people‚ especially those who are in the limelight. It is a controversy whether the media is treating celebrities unjustly or not. Weighing up the pros and cons‚ many people believe that the media promotes both advantages and disadvantages on the famous. On the one hand‚ mass media such as magazines‚ newspapers and television benefits the famous in many ways. To begin with‚ it provides a link between famous people and the audience. Through
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There are term limits for how long an official can serve in office so that people who are perfect to lead the country will have an equal opportunity. The term for a president is 4 years‚ so if someone else is fit to to be president‚ they still can once the current president’s term is finished. Also‚ the term limit ensures safety for the nation‚ so the president isn’t the same as a king. If the president only serves for a maximum of 8 years‚ they can’t have unlimited power. This way‚ if the president
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com/abstract=1609817 CREDIBILITY OF THE IPO GRADING: TIME TO RETHINK KARTIKEY MAHAJAN & MALLIKA ANAND Prologue Initial Public Offer (hereinafter as ‘IPO’) in the new regime (which started as an innovation) has to be mandatorily graded by a Credit Rating Agency (hereinafter as ‘CRA’). This optimization of the IPO by the Securities and Exchange Board of India (hereinafter as ‘SEBI’) has been seen as a market innovation to ensure the credibility of the offer and to protect and guide the investor
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Authors like Juliet Schor‚ Annie Leonard and Danielle Todd support consumerism is a foe whereas Peter Saunders and James Twitchell‚ advocates the idea that consumerism is a friend. Consumerism has many negative outcomes like overspending‚ overworking‚ credit card debts‚ social and economic problems etc. These negative aspects of consumerism are in majority therefore consumerism is a foe. Consumerism is a foe since it causes overworking by triggering the insatiable nature of human. Each person aims
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