We basically have to pick a scenario and give financial advice. The scenario I picked was the following:
" A 35-year-old married couple with two young children want to sell their townhouse and buy a larger house in a time of low interest rates and low inflation. The would also like to trade their 8-year -old minican for a nw fashionable SUV"
How will low interest rates and low inflation affect the advice I give?
2007-12-11 09:29:53 · 2 answers · asked by suvash k 2 in Business & Finance ➔ Investing
Low interest rates, and low inflation, couple should have no problem borrowing money at a reasonable rate for both the townhome & SUV.
High inflation & high interest rates, higher costs (higher interest rates) for the couple to buy both the townhome & SUV.
2007-12-11 21:20:10 · answer #1 · answered by exactduke 7 · 0⤊ 0⤋
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2014-09-26 03:33:58 · answer #2 · answered by Anonymous · 0⤊ 0⤋