Is a business loan or consumer loan. oitamodtaM laansc 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. 230AUOLAM BAJUEMI
Is a business loan or consumer loan. oitamodtaM laansc 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. 230AUOLAM BAJUEMI
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
![1O write your name
oal sauoH gnilzildu xineod eoitemodtaM iTeus
Activity # 1
Identify whether the situation is a business loan or consumer loan.n
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. MASIMAM-O LAM
RAJUBMI2
2.
Mr. and Mrs. Craig wants to borrow money from the bank to finance the college education of
their son.
JOOH
TCHE
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 borow some money from
the bank to buy 10 more computers.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F50fd79cd-c8bf-40e3-bc65-b08486f4427f%2F86c69033-0e0f-4fdc-8a7f-b7c2e8300361%2Fhdcuxg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1O write your name
oal sauoH gnilzildu xineod eoitemodtaM iTeus
Activity # 1
Identify whether the situation is a business loan or consumer loan.n
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. MASIMAM-O LAM
RAJUBMI2
2.
Mr. and Mrs. Craig wants to borrow money from the bank to finance the college education of
their son.
JOOH
TCHE
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 borow some money from
the bank to buy 10 more computers.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Essentials Of Investments](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781260013924/9781260013924_smallCoverImage.jpg)
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
![FUNDAMENTALS OF CORPORATE FINANCE](https://www.bartleby.com/isbn_cover_images/9781260013962/9781260013962_smallCoverImage.gif)
![Financial Management: Theory & Practice](https://www.bartleby.com/isbn_cover_images/9781337909730/9781337909730_smallCoverImage.gif)
![Essentials Of Investments](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781260013924/9781260013924_smallCoverImage.jpg)
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
![FUNDAMENTALS OF CORPORATE FINANCE](https://www.bartleby.com/isbn_cover_images/9781260013962/9781260013962_smallCoverImage.gif)
![Financial Management: Theory & Practice](https://www.bartleby.com/isbn_cover_images/9781337909730/9781337909730_smallCoverImage.gif)
![Foundations Of Finance](https://www.bartleby.com/isbn_cover_images/9780134897264/9780134897264_smallCoverImage.gif)
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
![Fundamentals of Financial Management (MindTap Cou…](https://www.bartleby.com/isbn_cover_images/9781337395250/9781337395250_smallCoverImage.gif)
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
![Corporate Finance (The Mcgraw-hill/Irwin Series i…](https://www.bartleby.com/isbn_cover_images/9780077861759/9780077861759_smallCoverImage.gif)
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education