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Interest Rates

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... loans, car financing and CD rates at CNNMoney. 3. Assignment ... What interest rate might you earn on the CD? Include the answers to the above in a memo ... – PowerPoint PPT presentation

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Title: Interest Rates


1
Interest Rates
  • St. Gregorys University
  • Personal Financial Planning
  • May 2007

2
Interest Rates
  • Compare mortgage rates, home loans, CD rates,
    auto loans, credit cards, mortgages and more
    www.bankrate.com/
  • Bloomberg.com Rates Bonds
  • Interest.com
  • FRB H.15--Selected Interest Rates, Web-Only
    Daily Update--May 11, 2007
  • Mortgages, student loans, car financing and CD
    rates at CNNMoney

3
Assignment
  • You are considering the purchase of a new car.
    What interest rate might be quoted by a bank?
    What interest rate might be available from the
    dealer?
  • You are considering the purchase of a new house.
    What is the mortgage rate for a 30-year fixed
    rate mortgage?
  • You have 5,000 to invest and are considering a
    certificate of deposit. What interest rate might
    you earn on the CD?
  • Include the answers to the above in a memo
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