Credit Card Analysis
Here, the minimum is the interest + 1% of the balance. For this reason, it has to default at $15 minimum. Question 2: Impact of Interest Rates For 5% increase, the interest = (5%+15%) = 20%/12 = 1.7% of the balance per month’s total payment which results to $2,100 for a period...
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Well’s Cargo Unethical Business Practices
Wells Fargo is embroiled in a controversy involving the formation of fake savings and checking accounts without the clients' permission. It entailed transferring funds from valid accounts. The Consumer Financial Protection Bureau fined the corporation 185 million dollars for the fraudulent conduct (Koren, James). Customers of Wells Fargo became aware...
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Pages: 3
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