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Discussion 5- Credit Card Interest Rates Vs. Mortgage Rates
Average credit card interest rates (APR) are about 17%, while the mortgage interest rates and car loan interest rates are below 4%. Explain the reason behind this huge difference in interest rates between credit cards and mortgages/car loans!
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- Number your answers.
- Short 1 or 2 answer comments will not receive credit.
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Grading Rubric
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Criteria |
Ratings |
Pts |
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Professionalism: Proper grammar, spelling, citations, sources, good organization, readability, clear articulation of ideas, correct use of templates, etc. |
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10 pts |
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Thoroughness Follows instructions; response is well-researched and articulate; appropriate length; addresses all prompts and assignment criteria; thoughtful analysis |
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10 pts |
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Progression: Incorporates feedback and suggestions from instructor and peers; demonstrates continuous improvement |
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10 pts |
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Total Points: 30 |
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