I currently have a personal loan and 2 credit cards which I am thinking of re financing into one personal loan.
The person loan is a fixed loan and I still have around 2 or so years left on it.
I have looked at a personal loan calculator to amalgamate all these debts and the repayments are [...]
1.what is the difference between a time deposit and a demand deposit.
2.Jamie applied for direct deposit of her paycheck. What will she receive?
3. What can Dan do to prevent others from making withdrawls from his account if his debit card is stolen?
4. Why is your money safer in an institution that participates in the FDIC [...]
I am 23 years old, wife is 24 years old. I make ,000 a year, she make about ,000 a year. Live in Texas and started a Roth IRA late last year. We maxed it out for 2007 (,000) plus the 0 we had in it last year. We have it [...]
Marcia and Phil Helm, a couple in their thirties, have been married for several years. They have no children, and each has a professional career. Marcia is a trainee for a management position at a large department store, and Phil is an engineer at an electronics firm. Their careers have promising futures, but neither has [...]
A new bank, Second National, has come to town and to attract depositors, it is offering a 6.5% interest rate for savings accounts. (Community Bank currently offers an interest rate of 6%.)
5. What is the opportunity cost for depositors who stay with Community Bank?
6. What could Community Bank do to keep its depositors?
7.What effect could [...]
Interest on savings accounts is often figured every quarter of a year. One quarter, Louam’s savings account earned .84 in interest. This is 2% of her savings.
a. Find Louam’s savings
b. The interest in Louam’s account is compounded each quarter, so the interest for a quarter is based on the origional balance plus the interest earned [...]