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Unformatted text preview: and whether your current income will continue or increase. Paying for purchases over a period of time is more costly than paying for them with cash, due to monthly finance charges and the compounding effects of interest. TCO 3: Given various methods and techniques of basic money management, the successful student will analyze various methods of managing credit decisions. Key concepts to know : -Explain the pitfalls of credit card debt. -Explain how a personal cash flow statement can assist in the determination of the ability to service personal borrowings. -Discuss the importance of identifying discretionary spending patterns. Skills to Master: -Calculating the Amount for a Home Equity Loan.-Calculating Debt-to-Equity.-Calculating the Net Worth.-Determing Whether or not to Use Credit.-Analyzing the Opportunity Cost of Using Credit. BUSN380 Week 3 Notes-Analyzing Credit-related Problems....
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This note was uploaded on 05/27/2011 for the course BUSN 380 taught by Professor Bloch during the Fall '10 term at DeVry NY.
- Fall '10