Sally works in a software company as a mobile app tester earning a steady income. When her daughter secured admission to a top B-School in the United States of America, Sally had the savings to cover her daughter's admission and education fee. She needs additional funds to cover the hostel fee, books and gadgets her daughter needs. Sally consults her friend, a financial advisor who recommends going for a personal loan that Sally can repay in equated monthly instalments. Sally checks the details using a personal loan EMI calculator to understand the implications. Jim runs a marketing advisory firm clients often need websites and mobile apps. Jim uses the services of freelancers and experts to create these resources. Jim has to pay these experts in advance to negotiate a good deal. As the...
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