In a paragraph, justify why you have chosen the loan that you have chosen.
How much will Shaikha need to borrow in order to buy the car?
Amortize the loan if annual payments are made for a period of 5-years.
Do you think Shaikha should borrow on a fixed interest rate and variable interest rate across the entire loan repayment period? Why or why not?
Why is it advantageous at times to borrow on a fixed interest rate? Why is it advantageous at times to borrow on a variable interest rate?
Assuming that Shaika’s credit rating is A. What can Shaikha do to ensure that she obtains a loan from at a much lower interest rate than provided in the market?
