Business math BUSN 110 Chapter 14 Project- Banking &
Credit
Business math-BUSN 110-Slater(9th ed)
Chapter 14 project- banking & credit
1. Request free copy of your CREDIT REPORT. DO not use a website
that requires you to pay for the report. I do not want to see the
report information, however you do not need to show me enough of
the report to know that you have received it. If you have obtained
a copy of your credit report in the last year, you may use this if
you no longer have a copy of this you will need to
explain this in your assignment must explain this in your
assignment.
2. Read two articles that relate to consumer credit. Include the
web address of the articles and brief summary of what you learned
and how you plan to use that information.
3. using your personal budget and your current consumer credit
debt(credit cards)(from your budget in the final project put
together a program to pay these debts off based on your
available funds. In making your plan use the internet and find out
just how much you will spend in interest over the pay off period.
If you currently do not have any consumer debt then you assume that
you have credit card debt of $5,000.00 and put together a plan to
pay this debt off using funds available from your budget.
4. Create a chart that compares the futures/services of your bank
with two other banks. Provide the following information for all
three(3) banks.
A: name of bank, address, telephone, and website
B: Current interest rates for saving and checking accounts ;
include minimum deposit requirement
C: how often interest is compounded
D: Current interest rate for CD`s
E; List the features for checking account- free services and
service charges(i.e., free checks, free ATM withdraws, no service
charge, minimum balance, etc)
useful website for research and assistance:
Banking
www.bankrate.com
Credit Cards
www.citicards.com
www.consumercredit.com
http://www.bankrate.com/calculator/credit-cards/cradit-cards-payoff-calculator.aspx
http://beginnersinvest.about.com/od/creditcarddebt/Credit_Card_Debt.htm
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