Unit 5 Discussion - the conditions for your method? How...

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Unit 5: Unit 5: Consumer Credit - Discussion When you are ready, respond to one of the discussion questions below. Be sure to comment on your classmates' posts. You should post throughout the week to give your classmates the opportunity to respond to your ideas or to give assistance on problems with which you may have issues. You must post at least two substantial replies to your classmates. The discussion rubric in our course syllabus includes a range of points. To be eligible for a high mark for discussion, you must respond substantially to at least two classmates' postings for each thread. Discussion Discussion Question 1 : The Rule of 78 describes how to find the Interest Refund. Can you suggest another method that would allow us to calculate interest refund? Discuss
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Unformatted text preview: the conditions for your method? How accurate will it be? Explain. Discussion Question 2: Explain which of the two cases below yields a higher interest amount for an initial investment and why. 1. A simple interest rate of 13% paid at the end of one year 2. A monthly interest rate of 1% on the balance at the end of each month for one year. Discussion Question 3: Search the internet to find an article or application of a type of loan that you find interesting, that you encounter on a daily basis or that you find in your profession. Present this article or application to the class and explain why you choose the example. Include the URL for the site you used. Do not copy the text in the site verbatim. You should summarize your findings....
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This note was uploaded on 11/15/2011 for the course MATH MM255 taught by Professor Douglascopeland during the Fall '11 term at Kaplan University.

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