Borrow money on your car
[DOC File]Can you afford your dream car - Kent State University
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When you borrow money to buy a house or a car, your lender calculates your monthly payment by a method called amortization. This is the process of paying off a debt by making a certain number of equal payments at specific intervals (generally monthly). These payments include compound interest. With each payment, the amount of interest declines (as the unpaid balance on the loan declines ...
[DOC File]A&W MATH 11: PERSONAL LOANS, LINES OF CREDIT, AND …
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-it is a line of credit. It can be secured (ex: borrow money against your house or company…get a lower interest rate) or unsecured line of credit (higher interest rate).-to make calculations easier, sometimes they use a personal loan calculator (ie: pg 320 in workbook).-the personal loan calculator is based on interest that is compounded.
[DOC File]Search the Internet and find the car of your dreams – new ...
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Search the Internet and find the car of your dreams – new or used. State the price of the car and assume that you will borrow all but the $10,000 down payment. a) Find the sales tax rate in your county and determine the total price of your car (retail cost + tax). (1) b) Indicate how much you plan to borrow. (1) You decide to put the loan on your credit card, which charges an annual ...
[DOCX File]Payday Loans and Cash Advances | what to ...
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Introduce the topic of loans with learners as a whole group. You might begin by asking them what they know about ways to borrow money. Then ask them what they know about getting a loan from a bank. Be prepared to discuss ways that a bank or car loan differs from a loan from a friend or family member.
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