Homework
Instructions:
The purpose of this homework focuses on debt and risk. You will be completing a 3 page paper with three sections:
1. Section 1: Identify and analyze your debts - What assets secure your debts? What assets do your debts finance? What is the cost of your debts? What determined those costs? What risks do you undertake by being in debt? How can being in debt help you build wealth?
2. Section 2: Risk and the 5C's - Are you considered a default risk? How would a lender evaluate you based on "the five C's" of character, capacity, capital, collateral, and conditions? How could you plan to make yourself more attractive to a lender in the future?
3. Section 3: Review video and comment - Discuss the Tim Clue video on debt. What makes this comedy spot funny? What makes it not funny? What does it highlight about the appropriate uses of debt?
Format your homework according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.