Investments
What is it called when a company pays you money quarterly as a share holder?
Dividend
What is something that has a negative impact on your credit score?
Usage too high
Too many lines of credit
Paying back late
What percentage does a home buyer need to put down to avoid paying PMI?
20%
Where did Mr. Kumor go to College
Miami University
Boise State University
What are some factors that influence how much you pay for car insurance?
Driving history
Gender
Age
Cost of car
What is a Bond?
A loan (from you) to a company or a municipality
Why is paying the minimum on your credit card a bad idea?
If a person switches from a 30 year mortgage to a 15 year mortgage what happens to their monthly payment? What happens to the total they pay for the house?
M.P. goes up
Total Paid goes down
What branch of the military was Mr. Yeates in?
Army
You rear-end another car at a stoplight and cause damage to their bumper. Which type of insurance covers the damage to the other car?
Liability
This is a group of stocks that you can buy at all once for one price?
Mutual Fund
What is a negative impact of having a bad credit score
Bad rates
No loan granted
You have a 10 year car loan with monthly payment of $1,500 at a rate of 8%. What are 2 things that you can do in paying it back to lower the total amount paid for the car?
Over pay
Pay it back quicker
Lower the rate
What do we call Mr. Kumor when he is upset about kids being on their phone, out of their seat etc.
Mr. Fumin
If a person has a $500 deductible on their car insurance and they get into an accident that causes $2,000 in damages, how much will the insurance company pay?
$1,500
If you invest $10,000 per year for 30 years at an annual rate of return of 8%, then how much will you have in your account?
$1,257,820
How many years does an event stay on your credit report?
7 Years
A car costs $80,000. What is your monthly payment if you pay the loan over 5 years at a rate of 6.5%%?
$1565
Where did Mr. Yeates go to college?
UIC
A tree branch falls on your parked car during a storm, damaging the windshield. What type of coverage would apply?
Comprehensive
You want to have $1,000,000 in 20 years investing at an annual rate of return of 10%. How much do you need to invest each year?
$17,460
What is the possible range of credit scores you can have?
300-850
How expensive of a car can you afford if you are able to have a monthly payment of $650 at 7% for 5 years?
32,827
You pick: What are the names of Kumor's kids (2 of them)
Or What are the names of Yeates kids (2 of them)
Lia & Ava
Anna & Josh
While driving, you swerve to avoid a deer and hit a guardrail. Your car has front-end damage. Which coverage pays for your repairs?
Collision