Assignment 5 Intro to Entrepreneurship Essay

1615 Words Oct 26th, 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
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12. Describe a real or made up but realistic example of a time when you might apply for a loan. (2-4 sentences. 1.0 points)
I want to buy a business for 100k. I only have 50k then I would apply for a loan so I can buy the business.
13. In your Section_5 folder, navigate to and open the Example_FAFSA. Complete the steps below to save a copy of the file with your initials in your Section_5 folder. TIP: The FAFSA is the Free Application for Federal Student Aid. This application is used by many students to get federal funding for their college education.
a. Click the File menu, and then Click Save a Copy.
b. If a Save a Copy dialog box appears, click Save a Copy.
c. Make sure the Save in drop-down list is set to your Section_5 folder. If not, click the drop-down list, then click Local Disk (C:), then double-click your course folder, and then double-click the Section_5 folder.
d. In the Name: field, type Example_FAFSA followed by your initials.
e. Click Save.
14. Complete the FAFSA form using the information below. Be sure to save your work at the end! (5.0 points for completing the form correctly according to the instructions below) TIP: You won't need to fill out every line on the form. Just fill out the lines listed below.
a. Use the information from Jessie Robinson's W-2 form located in your Section_2 folder to complete lines 1-8. TIP: Each numbered item on the FAFSA is called a line.

b. On line 9, use the birthdate 7/15/87.
c. On

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