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Course

PFI-1006 Loans

Self-paced

$14 Enroll

Full course description

Course Description

At some point in your life, you will probably take out a loan to pay for college, buy a car, or make another purchase. This course describes different types of loans and defines terminology associated with loans.

By the end of this course, you will be able to

• Define terms associated with loans, including principal, interest, and term

• Describe a student loan

• Describe an automobile loan

• Describe a mortgage

• List what is typically included in a mortgage payment

• List different types of mortgages

Estimated completion time (hours): 1.1