Management and Organizational Studies 2277A/B Lecture Notes - Lecture 6: Payment Protection Insurance, Baby Boomers

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2277A/B
• Professor: Barry Hawn

Document Summary

Buying an item on credit vs. waiting until you can save enough cash: you don"t need or really want the product, you can afford to pay cash (it is cheaper) Inexpensive: family loans, loans based on assets, gics: medium priced: chartered banks, trust companies, credit unions, expensive: finance companies, retailers, bank credit cards, cash advances. Cost of credit: effective annual interest rate: true rate of interest for comparison with other sources of credit, quotes annual % rate, compounding frequency, service charges, fees.