Which Is Considered A Good Credit Practice

Question: This table can be used to organize Raj's credit card balances and payments over 6 months. The annual percentage rate on the card is 18%.What is the amount of total interest charged for the first 6 months?

Answer: 24.75

Question: Which is considered a good credit practice?

Answer: Pay more than the minimum amount that is due.

Question: A mortgage is a legal agreement between a borrower and a

Answer: bank

Question: Rita has a credit card that gives a 6% discount on every purchase. The annual percentage rate on the card is 15%. She is purchasing a digital camera for $300.If she purchases the camera and only pays $80 on the first month's bill, how much will she need to pay off the balance the following month?

Answer: 204.53

Question: Fiona wrote a check to the veterinarian for $89.56. She'll use the check register to record her transaction. What will be her new balance?

Answer: 2458.94

Question: How many years will it take Kamil to pay off the loan?

Answer: 3 years

Question: This table can be used to organize Gigi's credit card balances and payments over 6 months. The annual percentage rate on the credit card is 14%.What is the amount of interest charged for the first 6 months?

Answer: 15.75

Question: Aliyah made a payment in the amount of $47.93. She'll use the check register to record her transaction. What will be her new balance?

Answer: 1295.02

Question: The charts show the effect of an interest rate adjustment on an adjustable-rate mortgage.The change in interest rate shown in the charts resulted in

Answer: a higher monthly payment.

Question: A down payment is usually what percentage of the asking price of a home?

Answer: 5-20 percent

Question: Borrowers taking a balloon payment mortgage most likely

Answer: must repay the loan in five to ten years.

Question: Marcus deposited his paycheck in the amount of $625.84. He'll use the check register to record his transaction. What will be his new balance?

Answer: 1266.15

Question: Companies report people to credit agencies if they

Answer: fail to pay their bills on time.

Question: Jessica is trying to get a credit card. She has a credit score of 790. How is Jessica's lender likely to view this credit score

Answer: Jessica is low risk and will pay her outstanding balances on time.

Question: In which column on a check register should the total current amount in the account be entered?

Answer: Balance