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☆☆☆☆☆Cards in this guide (19)
What are the steps necessary to reconcile a bank statement
ending balance + outstanding deposits - outstanding check = balance
What institution insures individual banking accounts
minimum check-writing fee
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
Dustin had five outstanding checks that totaled 117.54 What should his check register balance be if he had an ending balance of 599.43 and outstanding deposits that totaled 235.14
717.03
Sherry had an ending balance of 125.36 outstanding deposits of 153.53 and outstanding checks of 100.19 What was her checkbook balance
178.70
Alice had an ending balance of 546.78 outstanding deposits totaling 412.39 and outstanding checks totaling 872.63 How much additional money does she need in her account to pay the telephone bill
61.65
Marcy is planning to borrow 12500 with a simple interest rate of 5.2 percent for 4 years How much will she pay back to the bank
15100
Collin needs to borrow 1500 for car repairs How much interest will he pay if the rate is 4.9 percent and he has 125 days to repay the loan
9568.30 (A++)
Kenneth is having a terrible time balancing his checkbook He had outstanding checks that totaled 323.14 an ending balance of 232.54 and outstanding deposits of 125.98 His checkbook register bal
Outstanding Checks = $323.14
Current Bank Balance = $232.54
Outstanding Deposits = $125.98
Final Balance = Current balance + Outstanding deposits - outstanding checks
= 232.54 + 125.95 - 323.14
= 35.35
The final balance on Kenneth's account will be $35.35
Which of these is the correct formula for calculating interest on a loan
Interest = Rate x Principal x Time
What methods has the highest finance charge
Charging the previous balance
Which of these would not be included on a loan application
your educational background
What is the interest on a five year loan of 13950 at a 5.8 percent rate of interest
"4045.50"
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 allows consumers to pay for purchases at a later date
credit card
What statement about the federal reserve system is not true
It is responsible for FDIC
Calculate the annual interest rate on a credit card if the monthly interest rate is 1.2.
14.4 %. A+
When Amanda bought a car for 8500 her loan was for five years at a 4.6 interest rate how much will Amanda pay for her car total including interest
9708.14
How is a finance charge calculated
multiply the unpaid balance by the monthly interest-rate
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