Cards in this guide (27)
What does APR stand for
Usually it stands for Annual Percentage Rate (used to calculate
the amount of interest charged on the balance of a credit card or
loan). If that doen't make sense in relation to where you saw it
then it may stand for something else. Also: The nominal rate of
interest is the rate used when calculating the interest expense on
your loan. That's what most people consider to be the interest rate
on their loan. The annual percentage rate (APR) on a loan includes
some of the costs involved in procuring the loan and is meant to
provide the consumer with an effective rate to use when comparing
loans.
What are the steps necessary to reconcile a bank statement
ending balance + outstanding deposits - outstanding check =
balance
What type of tax is usually paid to the county treasurer
Which of these is the best description of delinquency
It is the condition whereby the scheduled repayment of a loan
has not been received by a specified due date.
Which of these is a lien on the property that secures the promise to repay a loan
Which term is defined as property that is pledged as security on a loan
Which of these statements is most complete with regard to the role of the producer in an economy
Producers consume both goods and services.
Which of these is the best description of a credit card
It can be used to buy things and pay for them over time.
Which of these is the best description of a grant
it is a direct payment from the state to local government.:)
How much interest is paid on a 52000 loan if the monthly payments are 45023 for 30 years
Sherry had an ending balance of 125.36 outstanding deposits of 153.53 and outstanding checks of 100.19 What was her checkbook balance
Brian works at Metro College as a computer analyst His car is worth 10359.19 His checking and savings accounts are worth 673.59 Brian owes his sister a total of 145.69 His balance on his credi
Valerie wants to take out a discount loan of 569 The rate is 4.5 percent for 250 days How much interest will she pay Be sure to round the time to the nearest hundredth
What is used to reconcile a bank statement
Ending Balance: $676.23
Outstanding Deposits: $356.71
Outstanding Checks: $321.15
711.79
What is a advantage of a shorter-term such as 15 years loan
Which of these in not one of the four elements of a monthly mortgage payment
Which government official is responsible for determining the amount of property tax a homeowner must pay
Your local property assessor is responsible for determining the assessed value each time your property (real estate or personal property) is reassessed. Depending on there you live, this may be a city property assessor or county assessor. Sometimes one assessor values personal property (cars, business and industrial equipment) and another values real estate (homes, townhomes, condominiums, commercial and industrial properties. some cities and counties reassess very year while others reassess less frequently.
However, the amount that you pay in property taxes is a product of multiplying the most recent assessed value by the personal property tax rate or real estate tax rate. These rates of taxation are set by the city council or county board of commissioners as part of their budget process each year. Your local assessor does not set the tax rate. To find out more talk to your local assessor.
Which of these is not included on a credit card statement
Which is not usually required by the lender when you apply for a home mortgage
Which of these is not a way in which credit card companies assess finance charges
some place a fee on the average yearly balance . ( A+ )
What statement about fiscal policy is not true
It refers to the adjustment of an economy’s money supply by a central bank.
If nancy pays her bank 465.23 a month for 48 months how much will she have paid on her installment loan-
If Nancy pays her bank 465.23 a month for 48 months, the amount
paid on every installment would be 116.3075/n where n is the
amount.
What following accounts are only offered by employers to their employees
Statement about installment loans is not true
Installment loans are loans on which the interest is paid first and the borrower receives the proceeds.
Calculate the annual interest rate on a credit card if the monthly interest rate is 1.2.
What defines the term amortization
the process of decreasing the amount of principal on a loan over
a scheduled period of time
How is a finance charge calculated
multiply the unpaid balance by the monthly interest-rate