A. Identify whether the following is a consumer or business loan. 1. Mr. Agustin plans to have a barbershop. He wants to borrow some money from the bank in order for him to buy the equipment and furniture for the barbershop. 2. Mr. and Mrs. Craig want to borrow money from the bank to finance the college education of their son. 3. Mr. Alonzo wants to have some improvements on their 10-year old house. He wants to build a new room for their 13-year old daughter. He will borrow some money from the bank to finance this plan. Un wants to put another food cart on a
A. Identify whether the following is a consumer or business loan. 1. Mr. Agustin plans to have a barbershop. He wants to borrow some money from the bank in order for him to buy the equipment and furniture for the barbershop. 2. Mr. and Mrs. Craig want to borrow money from the bank to finance the college education of their son. 3. Mr. Alonzo wants to have some improvements on their 10-year old house. He wants to build a new room for their 13-year old daughter. He will borrow some money from the bank to finance this plan. Un wants to put another food cart on a
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:IV. EXERCISES
A. Identify whether the following is a consumer or business loan.
1. Mr. Agustin plans to have a barbershop. He wants to borrow some money from the bank
in order for him to buy the equipment and furniture for the barbershop.
2. Mr. and Mrs. Craig want to borrow money from the bank to finance the college education
of their son.
3. Mr. Alonzo wants to have some improvements on their 10-year old house. He wants to
build a new room for their 13-year old daughter. He will borrow some money from the
bank to finance this plan.
4. Mr. Samson owns a siomai food cart business. He wants to put another food cart on a
new mall in the other city. He decided to have a loan to establish the new business.
5. Roan has a computer shop. She owns 6 computers. She decided to borrow some money
from the bank to buy 10 more computers.
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