Tuesday, March 11, 2008

6.2 pg 177 1-5

1.) Amount of income and simple interest.

2.) Character, Capacity, Capital, Collateral, and Credit History.

3.) A-Open a checking or savings account, or both
B-Take out small loans from your bank
C- Make payments on time.

4.) Put down a bigger down payment on the item and make pay the payments in full on time.

5.)$95 / $820 = 11.6% with out college loan
$215 / $820 = 26.22% with college loan

1 comment:

Mr. Herbert said...

Good Job tyler on number 5 you were asked to make a comment on if Kim should take the loan. Rember our ideal Debit to income ratio is 15% and no higher than 20% 12/14