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Mathematical Personal Loan Investigation

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The following document is an investigation using knowledge learnt from loans and investments to assist a friend in finding a vehicle in the $15,000 to $25,000 price range and advising them on the most suitable loan and requires for as much information as possible in order to aid them with the decision. It also includes all working out as well as screen captures from the websites of different banking websites.

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8 Pages Essays / Projects < 1 Year old
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Mathematical Personal Loan Investigation
Topics this document covers:
Money Finance Economy Loans Credit Interest rates Debt Fixed interest rate loan Unsecured debt UK mortgage terminology Closed-end credit
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Topics this document covers:
Money Finance Economy Loans Credit Interest rates Debt Fixed interest rate loan Unsecured debt UK mortgage terminology Closed-end credit
Sample Text:
The friend stated clearly that they were looking for a vehicle in the $15,000 to $25,000 price range. they wished to make the most suitable loan and requested for as much information as possible in order to aid them with the decision. The task by firstly familiarising the important financial terms, before investigating an assortment of banking and loan websites in order to survey the interest rates, establishment fees, and administration fees of each bank. The figures of each scenario were then incorporated into the provided repayments calculator, which is also inclusive of interest rates charged by each bank. The calculations exhibited below were made under the assumption that no additional fees were c...
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