Cards in this guide (24)
What is principal
the amount borrowed from a lender
What institution insures individual banking accounts
minimum check-writing fee
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.
What is done with the finance charge assessed by a credit card company
Which of these is a lien on the property that secures the promise to repay a loan
Which of these is a document that gives an estimate of a propertys fair market value
This is Paula's monthly budget What percent of her expenses is spent on insurance
20Given Paula's monthly budget, the percentage of expenses spent
on insurance can be determined by subtracting all the other
expenses from the monthly budget, which leaves you with the anoint
spent on insurance.
Does your checkbook balance when you have outstanding checks that total 224.79 an ending balance of 59.56 outstanding deposits of 325.46 and a checkbook balance of 165.15
Latoria is planning to borrow 12500.00 with a simple interest rate of 5.2 percent for 4 years How much will she pay back to the bank
125 x 5.2 x 4 = 2600 + 12500 ie 15100 in total
Which Involves renting a residence for a specific amount of time such as six months one year or even five years
How does spillage occur
classified information is entered unto unclassified
information
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 should represent the smallest portion of your budget
What can you expect the down payment on a mortgage loan to be
from 10% to 40% of the selling price of the home
Which of these does not describe a total consumption budget
it is designed to reach short-term goals
Which type of mortgage is designed so that payments remain the same throughout the life of the loan
What e is not likely to be found on a lease agreement
The cost of insurance. A+
If Cameron has a 21 annual interest rate on his credit card what is his monthly interest rateAsk us anything
What defines the term amortization
the process of decreasing the amount of principal on a loan over
a scheduled period of time
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.
Which of the following is the best description of a consumer good
It is something tangible that can be touched or carried
Which of these is an example of a variable expense
Hank purchased a new grill for $349 on his credit card. He had a previous balance of $225.91. A finance charge of $8.62 was assessed. What is his new balance