Eddie just landed his first job out of college, and he’s excited about the position. However, Eddie needs to be dressed up every day and has no appropriate clothes right now. Eddie figures it will cost about $1250 to start a professional wardrobe.
OPTION 1: Open a 0% (for the first 6 months) credit card
PROS
CONS
What questions should Eddie ask before deciding on this option?
OPTION 2: Use $1250 of the $1500 he has saved in an Emergency Fund
PROS
CONS
What questions should Eddie ask before deciding on this option?
OPTION 3: Get a loan from Lending Club at an APR of 24.99%
PROS
CONS
What questions should Eddie ask before deciding on this option?
Selena is about to enter her senior year of college, when all of a sudden she realizes her school raised the tuition cost, and she’s short $6600 in her financial aid package.
OPTION 1: Charge the payments on the joint credit card account she shares with her mom, at a 14.99% APR
PROS
CONS
What questions should Selena ask before deciding on this option?
OPTION 2: Apply for a Federal Student Loan to cover the cost
PROS
CONS
What questions should Selena ask before deciding on this option?
OPTION 3: Get a private college loan from her bank, Wells Fargo, which is currently offering fixed rates between 5.94% and 10.92%
PROS
CONS
What questions should Selena ask before deciding on this option?
Why is it important to assess various credit options before making a decision on how to pay for items?
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 11:20, angeline2004
Stock a has a beta of 1.2 and a standard deviation of 20%. stock b has a beta of 0.8 and a standard deviation of 25%. portfolio p has $200,000 consisting of $100,000 invested in stock a and $100,000 in stock b. which of the following statements is correct? (assume that the stocks are in equilibrium.) (a) stock b has a higher required rate of return than stock a. (b) portfolio p has a standard deviation of 22.5%. (c) portfolio p has a beta equal to 1.0. (d) more information is needed to determine the portfolio's beta. (e) stock a's returns are less highly correlated with the returns on most other stocks than are b's returns.
Answers: 3
Business, 22.06.2019 23:00, frisha
Acollege registrar's office requires you to first visit with one of three advisors and then with one of two financial professionals. this system best described as which of the following? a. single server, single phase systemb. multiple server multiphase systemc. multiple server, cross phase systemd. single server, multiphase systeme. multiple server, single phase system
Answers: 2
Business, 23.06.2019 01:00, ashley232323
Need with an adjusting journal entrycmc records depreciation and amortization expense annually. they do not use an accumulated amortization account. (i. e. amortization expense is recorded with a debit to amort. exp and a credit to the patent.) annual depreciation rates are 7% for buildings/equipment/furniture, no salvage. (round to the nearest whole dollar.) annual amortization rates are 10% of original cost, straight-line method, no salvage. cmc owns two patents: patent #fj101 and patent #cq510. patent #cq510 was acquired on october 1, 2016. patent #fj101 was acquired on april 1, 2018 for $119,000. the last time depreciation & amortization were recorded was december 31, 2017.before adjustment: land: 348791equpment and furniture: 332989building: 876418patents 217000
Answers: 3
Do you know the correct answer?
Eddie just landed his first job out of college, and he’s excited about the position. However, Eddie...
Questions in other subjects:
Biology, 22.01.2021 04:10
Chemistry, 22.01.2021 04:10
