Assignment week 7 - they normally would have paid if they...

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Assignment: Paragraphs and Topic Sentences Write two paragraphs about how interest rates affect our purchasing decisions. Identify the topic sentence in each by underlining it. Post your paper as an attachment. Interest rates affect our purchases in a couple of different ways. The interest rate is what will determine the monthly payments and the total you have to pay for a particular item. If someone is making a purchase on a credit card, or taking out a loan, a higher interest rate should influence a person to try waiting to purchase or pay less for the item. With a higher interest rate someone might be paying up to three times what
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Unformatted text preview: they normally would have paid if they just waited. When, a person is looking to make a purchase on a high ticketed item. One should always do their best research on the cost. If something will cost far more than it is worth, because you do not have the money to buy it, then you should wait until you can afford it and stay out of debt. Very low interest may tempt many to go into debt to that the item now, but high interest is just plain stupid to pay. Why would one want to put themselves into debt by choice?...
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This note was uploaded on 04/05/2012 for the course EDUCATION ETH 125 taught by Professor Hoge during the Spring '12 term at University of Phoenix.

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