debit vs credit
compound intrest
vocabulary
equations
facts
100
who's money are u using when you use your debit card?
yours
100
If you deposit $1,200 in an account with a interest rate of 12% semi-annually for 4 years what will your balance be?
$1,912.62
100
What is claim?
A request a person makes to an insurance company to pay for services obtained from a health care professional.
100
what is the equation for compound interest ?
B=P(1+R/N)NT
100
what is the advantage of having a deductible in insurance coverage
it saves you money
200
who's money are you using when you use a credit card?
the banks
200
What is the equation for simple interest?
I=PRT
200
What is copayment?
A predetermined amount you pay every time you visit a health care provider.
200
simple intrest
I =PRT
200
if you are at fault for hitting a mail box who pays for it?
you
300
does a debit card build credit?
no
300
Simple intrest: solve $4,000 with the rate of 4.5% for 9 years what is the interest?
$1,620
300
What is generic drug?
Once a prescription drug's brand name expires, other companies can sell it using the chemical name.
300
how much is $1200 at a rate of 12% per year compounded semi annually for 4 years?
$1912.62
300
if your medical bills cost 600 dollars and your insurance will only pay 500 dollars how much do u have left to pay?
$100
400
how old do you need to be to get a credit card?
18
400
this is the number of times interest is paid per year when a account is comounded semi annually
2
400
What is group health insurance?
All people in the group pay in. Healthy people that do not use the insurance helps to pay the costs of people who do use healthcare services.
400
what is the interest if the principle is and rate is and the time is 600 1.5% 12 years
$108
400
if kate got in an accident and her friend has 1000 dollars in med bills who pays?
kate and her insurance
500
who is most targeted to get a credit card?
teens
500
this is the number of times interest is paid per year when a account is compounded quarterly?
4
500
What is medicare?
All people in the group pay in. Healthy people that do not use the insurance helps to pay the costs of people who do use healthcare services.
500
if the principle is 2,500 with 3% as a decimal for 4 years what is the interest
$30,000
500
if you hit someones mail box what coverage covers it
property damage
M
e
n
u