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Development Paper

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Submitted By tawingko123
Words 5047
Pages 21
BIOGRAPHICAL SKETCH

Im Cliffe Whitney Paug Lapiz, 22 years old, presently residing at Purok1 North Poblacion, Medina, Misamis Oriental. I am currently 3rd year student taking up Bachelor of Science in Business Administration major in Financial Management at Bukidnon State University-Medina External Studies.

ACKNOWLEDGEMENT

We thank almighty God for successful completion of this Development Paper this would not be possible without him. I have taken efforts in this requirement. However, it would not have been possible without the kind support and help of many individuals. I would like to extend my sincere thanks to all of them.

We are really grateful to our subject instructor MR. EDMUND P. VOSOTROS, for all kinds of informative information and valuable advice. To our preeminent head MA’AM FLORENCIA BAANG, to all our deans named; MA’AM MARIETTA T. ASPRIL, MA’AM LARSENEY OBEMIO, MA’AM CICILE ALLOYON let me extend our over whelming thanks giving and our deepest gratitude and appreciation.

I would like also to express my gratitude towards to my parents who gave us a support, of giving us money to work on this assignment. Let me give my greatest and deepest gratitude to all of my Classmates, Sir, Ma’am, thank you very much.

INTRODUCTION

Why do we need to borrow money? There a numerous reasons for the borrowing of money but common ones are; home loans, purchasing of cars, insurance, purchasing of business companies etc. People borrow money in general because they either can’t afford something or they have no money in cash, so they borrow from the bank, the disadvantage however is that you have to pay it back, and what people don't realize is that the bank adds interest to the overall payment if you pay it over a period of time which is not in the month requested by the

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