Assignment 5 Intro to Entrepreneurship Essay example

1636 Words Oct 31st, 2014 7 Pages
Assignment 5
(25 points)
7073903271600Assignment 5: Credit and Loans
Instructions
Save this file in your course folder, and name it with Assignment, the section number, and your first initial and last name. For example, Jessie Robinson's assignment for Section 1 would be named Assignment1JRobinson.
Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day, be sure to save your progress.
Review Lesson 4 of the Course Overview for instructions about turning in your assignments.
Assignment Questions
1.If you are borrowing money and paying interest, would you prefer an interest rate that compounds
…show more content…
(3-6 sentences. 2.0 points)
 What are your fees?
 What if I can't afford to pay your fees or make contributions?  Will I have a formal written agreement or contract with you
 Are you licensed to offer your services in my state?
10. Visit the website for a large bank or credit card company, and learn about a type of credit card being offered by the company. Describe at least four features of the card and where you got this information. (3-6 sentences. 2.0 points)
Capital 1 Venture rewards credit card.
1.No annual fee for the first year; $59 after that
2. No foreign transaction fees.
11. Visit the website for a second large bank or credit card company, and learn about a similar type of credit card being offered by this company. Describe at least two differences between this credit card offer and the one from question 10 above. Which offer would you be more likely to choose? Why? (3-6 sentences. 2.0 points)
MasterCard
1.Zero Liability*
You don't have to worry when you use your MasterCard credit card because it's covered by Zero Liability protection, whether you pay in a store, over the phone or online. As a MasterCard cardholder, you're not responsible in the event that someone makes unauthorized purchases with your card.
2. Price Protection
Should you find a lower price for a new item within 60 days from the date of purchase using your eligible MasterCard, you may be reimbursed for the price difference.
I would prefer

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