Vocabulary
On a credit card statement, the ____________ is any of the last balance that was not paid.
What is the unpaid balance?
Last balance: $106.84
Payments: $75
Finance rate: 1.5%
New charges: $56.28
Find unpaid balance, finance charge, and new balance.
$31.84
$0.48
$88.60
Sum of daily balances: $525
Daily interest rate: 0.05205%
Interest: $_________
$0.27
What makes up 35% (the biggest percentage) of your credit score?
Payment History
How many brothers does Ms. McDonald have?
*Bonus if you know their names
3
Luke
Wyatt
Milo
A check written for more than the balance in your account is called ___________.
What is an overdraft?
Last balance: $318.60
Payments: $80.00
Finance rate: 1.65%
New charges: $76.39
Find unpaid balance, finance charge, and new balance.
Unpaid: $238.60
Finance charge: $3.94
New balance: $318.93
Sum of daily balances: $2,600
Daily interest rate: 0.04931%
Interest: $__________
$1.28
What percentage does the types of credit you have contribute to your credit score?
10%
What volleyball position did Ms. McDonald play in high school?
Setter
If you cannot afford the full price of an item, you may be able to use ______________.
What is an installment plan?
Last balance: $1,100
Payments: $100
Finance rate: 1.5% on first $500, 1% over $500
New charges: $65.40
Find unpaid balance, finance charge, and new balance
Unpaid balance: $1,000
Finance charge: $12.50
New balance: $1,077.90
Sum of balances: $2,700
Interest Rate: 0.04657%
$1.26
True or false: You don't want too many inquiries on your credit report in a short amount of time.
True
What is Ms. McDonald's favorite color?
Blue
What does APR stand for?
Annual Percentage Rate
Regular price: $75
Down payment: $0
Monthly payment: $10.42
Number of payments: 9
Find the installment price and the finance charge.
Installment Price: $93.78
Finance charge: $18.78
Sum of daily balances: $2,945
Daily interest rate: 0.05205%
$1.53
What is the range of possible credit scores?
300-850
What career was Ms. McDonald planning to choose before she chose to become a teacher?
Physical Therapist
How many states/districts has Ms. McDonald visited?
9
New Hampshire, Massachusetts, Connecticut, Washington D. C., Virginia, New York, Florida, Alaska, and Hawaii