BUSINESS FOR LIFE HOME WORK
mirandamyy
exercise_3-3.xlsxSheet1
| Consumer Loan Comparison | ||||||
| Amount of Loan: _______________ | ||||||
| Type of Financial Institution: | Commercial Bank | Credit Union | Consumer Finance Co. | |||
| Name of Institution: | ||||||
| Address: | ||||||
| Telephone: | ||||||
| Website: | ||||||
| Person with whom you spoke: | ||||||
| Amount of down payment | ||||||
| Length of loan (months) | ||||||
| What collateral is required | ||||||
| Amount of monthly payment | ||||||
| Total amount to be repaid | ||||||
| (Monthly amount x number of months +the down payment) | ||||||
| Total finance charge/cost of credit | ||||||
| Annual percentage rate (APR) | ||||||
| Other costs: | ||||||
| Is a cosigner required? | ||||||
