Description
There are three (3) types of textbook based homework items located at the end of each chapter. These include Discussion Questions (DQ), Exercises (E), and Problems (P). Some homework items have been custom created.
Complete the following from the textbook:
- Chapter 9: E1, P2, P3, P4, P5, P7, P16, P17, P19
(I dont have a text book at the moment but the questions are from introduction to finance chapter 9: Time value of money pp.219-232)
Explanation & Answer
Hi, kindly find attached
Running head: HOMEWORK ASSIGNMENT
Homework assignment
Student’s Name
Institution
Date
1
HOMEWORK ASSIGNMENT
2
Exercise 1
a) According to the Federal Reserve website, all the three types of loans have different
interest rates. Credit card loans have the highest interest rates compared to
automobile loans and personal loans. Automobile loans have the lowest interests
followed by personal loans. While comparing the trend among the three types of
loans, it is important to note that both automobile loans and credit card loans have
an increasing trend. However, personal loan interest rates are often fluctuating their
trend cannot be easily determined.
b) The cost of consumer credit has been increasing within the three years among the
three types of loan. Cost of consumer credit increases due to various factors that
include political instab...