What role do interest rates play in consumer debt

Reference no: EM13798232

Interest rates are nothing more than a fraction sometimes represented as a decimal or a percent. Interest rates impact all of us both professionally and personally. One area of great concern are interest rates and how they apply to credit card debt.

Research interest rates and consumer debt using both your personal/professional experience and independent research, respond to the following:

How has consumer debt changed over the past few generations?

What role do interest rates play in consumer debt?

What are the typical interest rates applied to credit cards, mortgages, and other debt?

Many of today's interest rates are variable rather than fixed. What difference does this make to pension plans, housing loans, and other personal finances?

Reference no: EM13798232

Questions Cloud

Individual assignment on nursing theory grid : Individual Assignment Nursing Theory Grid

Geography project-outline instructions : Referencing the Geography Project - Rationale assignmentfrom, develop an outline of a project service plan that you might display to potential supporters of your project. Place your project in the context of the 5 themes of geography.

Insurance company were able to differentiate based on age : Suppose Audrey and Nicky are cousins with a destructive streak. Audrey is 1 year old and has a 10% chance of creating substantial damage in the next year, in which case the expected cost is $2000. Nicky is 2 years old and has a 5% chance of creating ..

Find all the rational zeros of f : Find all the rational zeros of f(x). Then solve f(x) =0. F(x) = x^3 -13x+12 f(x) =0 has solutions x=____. Use commas to seperate answers as needed.

What role do interest rates play in consumer debt : How has consumer debt changed over the past few generations and what role do interest rates play in consumer debt?

Use synthetic division to find the function values : Use synthetic division to find the function values. f(x) = x^4 - 16; find f(3), f(-3), f(1 - square root of 5)

What will happen to the demand curve for the product : What would happen in market and If a price ceiling were established at $3, what would happen in this market?

Describe the context of the caring moment : What might you have done differently to enhance the transpersonal relationship?

User Account

All Pages