Unit 3 Journal Finance – Now that you have a better understanding

Unit 3 Journal Finance

Instructions

Now that you have a better understanding of interest rates, consider a situation in which you need to purchase a car for work. You have found a reliable car within your budget, but you are not sure whether or not to finance the purchase. What questions would you need to consider before making such a decision? What are some of the pros and cons of using credit? Your journal entry must be at least 200 words in length. No references or citations are necessary.