Cards in this guide (21)
What are the steps necessary to reconcile a bank statement
ending balance + outstanding deposits - outstanding check =
balance
How long will negative information concerning your use of credit be kept in your credit report
Seven years is a common period of time. You should not try to
pay up on old accounts, but for those within the last couple of
years, see if you can call the company and settle the account so
that it will be marked as paid rather than written off. Check to
see if any negative information, such as from apartments or
utilities, is inaccurate. If so, contact them and get a signed,
letterhead, letter saying the account is paid. Then, send that to
all of the credit bureaus. Definitely keep the letter in your file
for years to come - zombie collectors are always out there.
Finally, pay everything on time going forward. Sometimes it is
helpful to signup for automatic billpay to keep things timely.
Joel's car has depreciated by 39 percent over the past few years How much is his car worth today if he originally bought it for 2568946
What is done with the finance charge assessed by a credit card company
Which of these is considered to be the credit solution of last resort
What should be the first step in calculating a monthly credit card finance charge
change the percent to a decimal
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
How much interest is paid on a 52000 loan if the monthly payments are 45023 for 30 years
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
You bought a new truck for 18082.00 If the truck depreciates 20 percent in the first year how much will its value decrease
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
Calculate the amount of interest that is paid on a loan when the principal is 5.000 the interest rate is 7 percent and the time is 2 years
50 x 7 x 2 ie 700 Simple Interest; 5000 x (1.07)2 - 5000 ie
724.50 Compound Interest
Which of these is not a common term for a CD
Which of these protects you when applying to receive credit
Equal Credit Opportunity Act
What describes a annual percentage rate
A measure of the cost of credit expressed as a yearly interest
rate.
What is a type of fee that a credit card company might charge
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.
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.
If Cameron has a 21 annual interest rate on his credit card what is his monthly interest rateAsk us anything
