Travel Loan Facility

 

A new aspect of the business has been added to Cam-pus Travel. Students can apply for a loan to help pay for their travels. However, loans for travel are avail-able only to students who are traveling outside the country for at least 2 weeks. Because the costs for this type of international travel differ depending on how you travel, where you stay, and what you do at the destination, different loan packages are available. For a month in Europe, you have decided to take out a loan. You have already taken a look at several offers but are unsure whether you can afford it. Set up a spreadsheet to calculate the payments per month for the following situations:
■ 2 weeks in Eastern Europe; price: US$2,000; interest rate: 5.5%; Time: 1 year
■ 2 weeks in Western Europe; price: US$3,000; interest rate: 6.0%; time: 1 year
■ 3 weeks in Western Europe; price: US$3,500; interest rate: 5.5%; time: 2 years
■ 4 weeks in Eastern Europe; price: US$4,000; interest rate: 6.0%; time: 2 years
■ 4 weeks in Western Europe; price: US$5,000; interest rate: 6.5%; time: 2 years
Once you have calculated the payments, calculate the total amount to be paid for each option as well as the total interest you would pay over the course of the loan.

 

 

Sample Solution

The number of lending apps accessible on the market in Kenya has recently increased. There are the well-known ones, such Branch Loan App and Tala Kenya. The mobile app loan market is now led by these two applications. Each of them has received millions of downloads and has helped many Kenyans use their mobile phones to acquire quick and instant credit facilities for the purpose of travel. These loan applications may be the answer you need whether you need money to pay for transportation for your child to return to school or if you need to fly out of town for a wedding.

care climate in this country is restricting the dollars accessible to be spent on nursing care. Numerous wellbeing callings, particularly nursing, have the standing of ‘eating their young’ as opposed to offering powerful tutoring to develop future medical services suppliers. Because of these variables, the quantity of medical caretakers has diminished and managers regard themselves as understaffed and going after equipped faculty. Preceding 2001 the downfall had been apparent for a very long time (Sadler, 2003). Nursing schools, public pioneers, medical services pioneers and the overall population is impacted by the absence of Registered Nurses (RNs) accessible. As the populace ages, the assumption is that a rising number of RNs will be required essentially to keep up with the ongoing degree of medical services. Also, the flow ecological and political worries of expanding pandemic sickness, event of synthetic and catastrophic events, and expanding dangers of war, requires critical expansions in the medical services labor force (Jefferys, 2001). The public nursing lack and factors that increment the interest for expanding the nursing labor force notwithstanding public, state, and nearby catastrophes make the potential for a general wellbeing emergency. Nursing programs have endeavored to satisfy need for medical attendants by expanding enlistment and campaigning effectively for expansions in program subsidizing by schools and states for understudies. Tragically, the issue of nursing understudy wearing down hampers the best endeavors of nursing programs and irritates the public deficiency of Registered Nurses in the United States (Ofori, 2002). In 2003, the National League for Nursing revealed a positive vertical pattern in the nursing labor force supply in any case, the American College of Healthcare Executives (2006) detailed that in 2005, 85% of clinic overseers decided emergency clinics needed more enlisted medical caretakers to satisfy patient consideration needs. The United States Bureau of Labor measurements demonstrated by 2014, more than 1.2 million new and substitution nursing positions would be expected to meet the public medical care needs (Ramsburg, 2007). Different broad endeavors to diminish weakening have been made by nursing programs including reinforcing affirmation systems and executing maintenance programs. Deplorably, the issues of wearing down keep on continuing nursing schools the nation over. Admission to a nursing program is cutthroat and numerous potential understudies are denied confirmation every semester. Whittling down from nursing programs influences not just the particular understudy who is acknowledged to a nursing program and fruitless, yet in addition the understudy denied confirmation that might have been effective. Wearing down rates are expensive to understudies, nursing projects, and medical services the same by diminishing the quantity of possible alumni from schools of nursing and adding to the nursing deficiency. Many examinations feature the a lot higher than w

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