In each blank, try to type in the
word that is missing. If you've
typed in the correct word, the
blank will turn green.
If your not sure what answer should be entered, press the space bar and the next missing letter will be displayed. When you are all done, you should look back over all your answers and review the ones in red. These ones in red are the ones which you needed help on. Question: Total cost of a loan, the principal and total interest.Answer: Finance Question: A loan to buy a .Answer: Question: Highest amount of money you can charge at any time.Answer: limit Question: A report given to lenders a credit rating and your credit history.Answer: report Question: The amount of that is borrowed.Answer: Principle Question: What is the type of credit when a business, , or the government borrows money? Answer: Commercial Question: Which of the following is NOT an of using credit? Answer: Must pay a fee to money. Question: What are the 3 C's of ? Answer: Character, Capacity, and Question: When you buy a new car, you MUST buy a service contract or an warranty. Answer: Question: What is usually the most college choice? Answer: Four year private Question: Which of the following is NOT a term with mortgages? Answer: Stafford Question: Which of the following things would you want in a card? Answer: Lowest Annual Prime Question: Which of the following is NOT an of a credit card? Answer: Easy to Question: It is to pay to have your credit score changed. Answer: True Question: Free credit reports are a good idea and free. Answer: Question: When your debts exceed your assets so much you can no longer pay your bills, The government allows you to file for what in ? Answer: Bankruptcy Question: Which of the following ways in NOT a way to help with credit problems? Answer: Buy a new Question: Goal can help you prioritize your budget, especially discretionary spending. Answer: True Question: If you put $3000 in a savings account for 4 years and received 3% SIMPLE INTEREST (I= P x R x T) = amount) on that account, what would be your total amount in the savings account after 4 years? SHOW YOUR WORK BY TYPING IT IN! Answer: 3000 x .03 x 4 = $360 + $3,000= $3,360 Question: $110,000 annual pay. She finds a house priced at $475,000. She goes to each bank in Rock Rapids to find the best interest rate. The best interest rate she was 6.84% for a 30-year fixed mortgage. Her monthly payment for this mortgage will be $3,881.Answer: 1) Know how to calculate your income x 30% (.3) then subtract from $110,00 2) From 1, divide by 12 (months) 3) Take your monthly payment and divide by answer 2, then move your decimal TWO spots to the right for a percentage. Question: out taxes and monthly payments for a car that is $10,000Answer: Car price $10,000 x .05 (5%)IA tax = $500 Taxes and fees = $10,000 x .02 (2%) = $200 Total car price = $10,000 + $500 + $200 = $10,700
36 fixed payment x $329 = $11,844
48 month fixed payment x 255= $12,240
60 month fixed payment x $211= $12,660 |
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akellenberger22
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