Week+6+Assignment+-+Sandy+Cromer - Title

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Title Considerations Surrounding Major Financial Assets  Assessment A: Researching Interest Rates  Summarize the information on interest rates.  The term "interest rate" can be misleading, in the economy there are dozens if not hundredsof rates interest between  borrowers and lenders. The difference in rates can be due to the duration of the loanor the perceived riskiness of the  borrower. The interest rate is theyearly price charged by a lender to a borrower in order for the borrower to obtain a loan.  This is usually expressed as a percentage of the total amount loan.   (What about variable and fixed interest rates?) -5 Assessment B: Decision Making Process  Identify the steps in the decision making process for major purchases.  Step 1a: What do I need? Keep car?  -4.44 Step 1b: What do I need? Replace car?   Step 2: What can I afford?   Step 3a: New car?  3b
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Week+6+Assignment+-+Sandy+Cromer - Title

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