1. Chapter 8 Personal Loans 2. Chapter Objectives Provide a background on personal loans Outline the types of interest rates that are charged on personal loans Describe home…
1. What is Personal Loan?A personal loan is a type of debt which is madefor personal, family, or household use, and which isneither a business loan nor a long-term mortgageloan.•…
Slide 1 Chapter 7 Personal Loans 7-1 Slide 2 Chapter Objectives Provide a background on personal loans Calculate the payment and the real cost of borrowing on personal loans…