FIN 420 Week 4 DQ 1
Adjustable rate mortgages( ARMs) have received a great deal of bad press due to the tremendous number of foreclosures resulting from families who could not afford the loan payments once the interest rates increased. Do you believe this loan option was used appropriately in recent years? Why or why not? Under what circumstances does the use of ARMs make sense? Please explain. =================================================== FIN 420 Week 4 DQ 2
o What was the interest for 1 month at an 18 % APR? o What was the total amount she paid? o What if she had made the purchase with her credit card and paid off her bill in full promptly?
ยท Retirees often make a choice between the following: What are the advantages and disadvantages of both. o 1) taking a lump-sum pension payout and purchasing an annuity( or having the company convert their benefit to an annuity for them) or 2) using the lump-sum payout to purchase a portfolio of bonds intended to provide them an income stream. Compare the advantages and disadvantages of each strategy. ===================================================
FIN 420 Week 4 DQ 1
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Adjustable rate mortgages( ARMs) have received a great deal of bad press due to the tremendous number of foreclosures resulting from families who could not afford the loan payments once the interest rates increased. Do you believe this loan option was used appropriately in recent years? Why or why not? Under what circumstances does the use of ARMs make sense? Please explain. =================================================== FIN 420 Week 4 DQ 2
FOR MORE CLASSES VISIT www. fin420assist. com