Finace 101 assignment confusion!

[Voltaire]

yo does anyone do finance 1? the LMS thing is really confusing..it says the first assignment is due on the 23 of march, but under the 'submit assigment' tab thing it says its due on the 16th of march???has anyone else started it??

[Edmund]

It is due 23rd March.

[Voltaire]

k ty

[riadnicolas]

do you guys understand what we have to do? like are calculations involved and were do we fund the borrowed 5000 dollars?

[squance]

Well..
I did finance 1 last year...the assignment is very similar to last year's.

I guess you just have to find two financial sources and compare via advantages and disadvantages....addressing the dot points they have there.

Calculations could be good: Like for instance to prove how much interest you're going have to pay when dealing with a bank loan...

Meh I'm not sure.

[AppleXY]

FINANCE 1 IS MAD SHIT MAN.


that is all lol

[riadnicolas]

i just dont get what it means by funding the 5000? any ideas

[teach1]

Probably means borrowing money to invest in shares! e.g. margin lending, private loan, borrowing against equity of housing loan (credit facility) etc.
Check out interest rates of each and compare them and how and when you would need to repay each of these types of finance. Margin lending is not much fun if your shares start to lose value i.e. current situation in the world!!

[Edmund]

How you will finance the $5000

I think it means how you will acquire this amount? And state two ways to do it...

I borrowed some Personal Finance textbook from the library and I actually found almost everything I needed. WHEEEEEEEE

[riadnicolas]

edmund where you sitting in the 2nd row in our last finance lecture?

[Edmund]

edmund where you sitting in the 2nd row in our last finance lecture?

Yep, 2nd row closest to lecturer

[riadnicolas]

lol i was the guy who fell asleep two seats to your left

[Edmund]

My friend was sitting on my left, so you must have been sitting next to him.

Ill be in the same spot in every lecture lololol

[riadnicolas]

yeh i always sit in the front so i can concentrate because the lecturer can be boring, good but boring, but the last lecture was to much i fell asleep 20 min into it and woke up when everyone left

[Edmund]

I was wondering if that lecture is KOFMAN or COLEMAN?