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1107 Group Project #9

1107 Group Project #9. Due Mon 3/14, 3 min PPT w/ biblio , HC to me Research the history of banking. Address the following questions: Group 1 – Where does the word “interest” come from and when was it first charged on loans?

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1107 Group Project #9

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  1. 1107 Group Project #9 • Due Mon 3/14, 3 min PPT w/ biblio, HC to me • Research the history of banking. Address the following questions: • Group 1 – Where does the word “interest” come from and when • was it first charged on loans? • Group 2 – How was lending money for a fee opposed historically? • Group 3 – What is “usury” and the difference between “usury” and • “interest” in modern times? Include a discussion of the meaning of “shylock” • Group 4 – What connection did banking and interest rates play in • the historic European rivalries between Christians and Jews? • Group 5 – When and where were some of the highest interest • rates charged? What were the rates? • Group 6 – What is the history of a national bank in the U.S.?

  2. 1107 Group Project #10 Due Mon 3/14, 3 min PPT w/ biblio, HC to me One presentation per group. Go to the Internet and select a car that you might like to buy. price the car and its options. Then find two loans with the best rates, but with different terms. For each loan, calculate the monthly payments and total interest. Select one of the loans and prepare a partial or complete amortization schedule.

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