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☆☆☆☆☆Cards in this guide (20)
How many miles do Americans drive per day
6
What institution insures individual banking accounts
minimum check-writing fee
Which of these is the best description of fixed expenses
the budget items that do not vary from month to month.
Calculate the simple interest you would receive in five years on a savings account that earns 7.5 percent annual interest What if your beginning balance is 1236.59
463.72
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
17.41
How much interest is paid on a 52000 loan if the monthly payments are 45023 for 30 years
110082.80
Sam is a chef He has a savings account of 500 and car worth 7.569 he owes 450.23 on his new stereo Calculate Sam net worth
Assets + Savings - Debt = Net Worth
$7569 + $500 − $450.23 = $7618.77
Which of these can occur when a person owes more money than he or she can earn or pay to creditors
Bankruptcy.
Which type of interest rate remains the same throughout the length of the loan
fixed
What methods has the highest finance charge
Charging the previous balance
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+ )
Which type of insurance contract requires a lump sum or periodic payment in exchange for receiving periodic payments from the insurance company
As you have described it, this sounds very similar to an annuity.
What statement about the federal reserve system is not true
It is responsible for FDIC
What is a type of fee that a credit card company might charge
credit limit fee
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.
This is the Reed family budget. How much discretionary income does the family have each month
474
Calculate the annual interest rate on a credit card if the monthly interest rate is 1.2.
14.4 %. A+
If Cameron has a 21 annual interest rate on his credit card what is his monthly interest rateAsk us anything
1.75%. A+
When This is the monthly budget for the reed family. What percentage of expenses is spent on utilities
Divide the utility expense by the monthly budget. Multiply the result by 100.
How is a finance charge calculated
multiply the unpaid balance by the monthly interest-rate
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