Question
Unit 2 Lesson 6 Loans Skill 1: Loan Types What do you need a loan for? Who will lend you money? oShort Term oLong Term
Unit 2 Lesson 6
Loans
Skill 1: Loan Types
What do you need a loan for?
Who will lend you money?
oShort Term
oLong Term
Pay Day Loans
What is Collateral?
How does the bank guarantee that they will get their money?
The bank generally checks three things:
o
o
o
Skill 2: Loan Calculators
Common Vocabulary
Interest rate
Interest
Borrowing Cost
Term
Amortization
Repayment Period
Payment Frequency
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Investing In Financial Research A Decision Making System For Better Results
Authors: Cheryl Strauss Einhorn, Tony Blair
1st Edition
1501732757, 9781501732751
