Discussion: Diverse Leadership Styles and Skills
December 18, 2020
Why is There a Rise in Alzheimer’s Disease?
December 18, 2020

1. Why is it easy for college students to get and use credit cards? Aside from the obvious impact of “forgoing future consumption” to repay the debt, how can students credit practices affect their financial future? 2. What are three debt and credit trends that suggest few people are practicing frugality? 3. What does it mean to determine your own borrowing capacity and stick to it? Why is this strategy necessary when “choosing wealth”? 4. What is the relationship between borrowing capacity and an emergency account? What is the advantage or disadvantage of using less liquid accounts for emergency savings and, in the event of an emergency, immediately relying on credit? 5. What financial ratios are useful in monitoring your borrowing capacity? How are these ratios calculated and interpreted? 6. Review the 12 keys to success. Which strategies could you utilize to avoid bad debt? 7. According to the survey of college students by Fidelity, the average undergraduate accumulates about $3,000 in credit card debt. Jena has decided to use the time value of money tools from Chapter 3 to calculate the size of the monthly payments that a typical under-graduate would need to make to pay off his or her $3,000 of credit card debt over 1 year (12 monthly payments), assuming an annual interest rate of 17.5 percent. If, instead of having to make that credit card payment, a new college graduate invested that same amount monthly in a mutual fund earning 8 percent on average, how much

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