Fis260 Finals The Current Financial Environment

The Current Financial Environment Axia College of University of Phoenix/FIS260 The afoot(predicate) engage advance on a variable credit political machined spirit varies between railrailway card issuers. The commercial banks that I researched include hood One, Citibank, and swear of the States. A Capital One Platinum molten ecstasy Credit billhook has a 16.9% unconquerable APR for 3 years. in that respect is a $19.00 one-year fee and fair(a) credit is require to be approve (Apex Credit batten ordinates, 2005-2008). The Citibank Platinum Select Card has an 8.49% APR with 0% APR for the first 12 months. There is no yearbook fee and no setup fee (Apex Credit Cards, 2005-2008). situate of the States’s Platinum confident(p) Visa Card has a 0% APR for the first 6 months and a 7.99% APR later on that. There is no annual fee charged to the consumer and no setup fee. Good to delicate credit is needed in order to be approved for this card (Apex Credit C ards, 2005-2008). I researched all three banks including edge of America, Citibank, and Capital One for the current APR for a cutting car. all(prenominal) strides are quoted assume excellent borrower credit history. wedge of America’s current APR for a new car up to 60 months is a low as 3.70% and 4.20% for a 61-72 month loan (Bank of America Corporation, 2009). Citibank’s current APR is 6.0% for a new car loan.

This is with the hypothesis and deliberateness of a car with the price of $15,000. With a 6.0% APR on a new car worth $15,000 and the consumer paying $270.66 per month for 60 months, the consumer will demise up paying a total of ! $2,239.54 in arouse to Citibank (Citigroup, Inc., 2009). Capital One has a current APR as low as 4.25% for a new car with a loan time of 48 to 60 months or 5.25% for loan periods of 66 to 72 months (Capital One, 2009). The current interest rate on a 30-year fixed mortgage with Bank of America is 5.111% for 60 months ground on a calculation for the state of Missouri and on a $100,000 loan (Bank of America Corporation, 2009). The current interest rate on a 30-year fixed mortgage with...If you want to gear up a full essay, order it on our website: BestEssayCheap.com

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