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Unformatted text preview: If so, what kind of collateral do I have If I should default on the loan, or not pay it back in the amount of time determine. I would use a balance statement to actually see how much money I have on hand and determine if my investments is enough to cash in just in case of an emergency. I would use it to determine how much collateral I have and see if it is more than I own. The last decision is to monitor the money that I am bring in and to carefully watch what I am spending. And from what sources these transactions are coming from. I would want to know any changes in my income from my investments or financial transactions due to any debts that I may have. Interest rates go up and down and a good cash-flow statement should help me determine this. I would use it for a short-term capability, specifically to see what bills I need to pay and whose has priority....
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This note was uploaded on 10/26/2011 for the course TOM 301 taught by Professor Williamcosgrove during the Fall '08 term at Cal Poly Pomona.
- Fall '08