Tuesday
September 23, 2014

Homework Help: COM155

Posted by Jessica on Tuesday, August 9, 2011 at 9:37pm.

Write two paragraphs about how interest rates affect our purchasing decisions.



High interest rates make us stop and think, do we need this item? Is it a necessity? When interest rates are high people tend to finance things less. Why pay a lot in interest when you can just save up the money and buy the product and save on interest? When financing large items like a car and the interest rate is high it can make the payment unaffordable. This can lead to repossession.

When interest rates are low it makes people more comfortable with financing because it will be affordable. When interest rates are low is the time to purchase cars or houses. Lower interest rates make the payments more affordable which can fit easily into ones budget. The lower the interest rate the less you have to pay back.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

com155 - write two paragraphs about how interest rates affect our purchasing ...
com155 english - In a total of 200 words, write two paragraphs with about how ...
english - Can someone please check my homework for me? Write two paragraphs ...
writing - If I could get some help? I was wonderung if I had done this right....
english - Write two paragraphs about how interest rates affect our purchasing ...
english - In a total of 200 words, write two paragraphs with about how interest...
comm155 - can some one please check my home work for me to see if all the ...
english - write two paragraphs how interest rates affect our purchasing ...
Com/155 - 1. In a total of 200 words, write two paragraphs with about how ...
Composition - Looking for guidance. Below are two paragraphs I wrote concerning ...

Search
Members