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Chapter07_PracticeExercise.pptx

Chapter07_PracticeExercise.pptx - Chapter 7 Other Lending...

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Planning to Borrow by Steve Bang 7-1 Other Lending Product Options Chapter 7 Matching Lending Products with Customer Situations
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Planning to Borrow by Steve Bang 7-2 Matching Lending Products with Customer Situations — Solution 1. Adam needs a fixed repayment loan with a 7-year amortization, bi-weekly payments, and a fixed interest rate . 2. Nicole needs an Everyday Bank credit card . 3. Alex needs an overdraft protection . 4. Jake needs a student line of credit . 5. Sarah needs a fixed repayment loan with a 7-year amortization, bi-weekly payments, and a variable interest rate . Chapter 7 Other Lending Product Options
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Planning to Borrow by Steve Bang 7-3 Questions
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