Eddie just landed his first job out of college, and he’s excited about the position. However, Eddie needs to be dressed up every day and has no appropriate clothes right now. Eddie figures it will cost about $1250 to start a professional wardrobe.
OPTION 1: Open a 0% (for the first 6 months) credit card
PROS
CONS
What questions should Eddie ask before deciding on this option?
OPTION 2: Use $1250 of the $1500 he has saved in an Emergency Fund
PROS
CONS
What questions should Eddie ask before deciding on this option?
OPTION 3: Get a loan from Lending Club at an APR of 24.99%
PROS
CONS
What questions should Eddie ask before deciding on this option?
Selena is about to enter her senior year of college, when all of a sudden she realizes her school raised the tuition cost, and she’s short $6600 in her financial aid package.
OPTION 1: Charge the payments on the joint credit card account she shares with her mom, at a 14.99% APR
PROS
CONS
What questions should Selena ask before deciding on this option?
OPTION 2: Apply for a Federal Student Loan to cover the cost
PROS
CONS
What questions should Selena ask before deciding on this option?
OPTION 3: Get a private college loan from her bank, Wells Fargo, which is currently offering fixed rates between 5.94% and 10.92%
PROS
CONS
What questions should Selena ask before deciding on this option?
Why is it important to assess various credit options before making a decision on how to pay for items?
Answers: 2
Business, 22.06.2019 17:30, levicorey846
Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u. s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.
Answers: 3
Business, 22.06.2019 23:00, sergiogautosg15
The era of venture capitalists doling out large sums of money to startups is a. just beginning b. on the rise c. over d. fading
Answers: 2
Business, 23.06.2019 04:40, esmeraldavelez63
Why is job security of such importance to workers?
Answers: 1
Eddie just landed his first job out of college, and he’s excited about the position. However, Eddie...
Biology, 02.11.2021 22:20
Mathematics, 02.11.2021 22:20
Mathematics, 02.11.2021 22:20
English, 02.11.2021 22:20
Mathematics, 02.11.2021 22:20
Chemistry, 02.11.2021 22:20