1. Barry is going to post-secondary school for three years. Should Barry get a Student Loan or Personal Line of Credit to pay for his education? Why? 2. Larry needs a new fridge. He does not have the money, but needs a fridge. Should Larry use a Credit Card, Installment Plan or Payday Loan to purchase the fridge? Why? 3. When would you would use a Personal Loan? Why would you choose a Personal Loan over other methods of Credit? 4. When would you would use a Mortgage? Why would you choose a Mortgage over other methods of Credit?
1. Barry is going to post-secondary school for three years. Should Barry get a Student Loan or Personal Line of Credit to pay for his education? Why? 2. Larry needs a new fridge. He does not have the money, but needs a fridge. Should Larry use a Credit Card, Installment Plan or Payday Loan to purchase the fridge? Why? 3. When would you would use a Personal Loan? Why would you choose a Personal Loan over other methods of Credit? 4. When would you would use a Mortgage? Why would you choose a Mortgage over other methods of Credit?
Chapter7: Credit Cards And Consumer Loans
Section: Chapter Questions
Problem 2LTAI
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