Vocabulary Terms I
Vocabulary Terms II
Calculations
GTA's movie tastes
Bad Korean Jokes
100
This type of card is used to withdraw money directly from your account, rather than borrowing money.
What is a "debit card"?
100
This is the exact expansion of the abbreviation "APR."
What is "Annual percentage rate"?
100
Calculate 15 days' finance charge for a balance transfer of $500 with a $25 fee and 25% APR on transfers.
$5.39
(Including the fee: $30.39)
(Including the fee and transfer: $530.39)
100
What is Mr. Anthony's pick for the best sci-fi movie?
Inception
100
This is what you do in your free time while studying computer science overseas.

유학!

200
This term describes "rewards" you get in the form of money as a small percentage of your expenditures.
What is "cashback"?
200
This term describes how often (frequently) interest is applied to credit card debt in the real world.
What is "daily"?
200
A card has a 5% fee each on balance transfers and cash advances, with the minimum fee per transaction being W 5,000. What is the total fee (not including interest) if a customer performs a balance transfer of W 400,000 and takes a cash advance of W 60,000?

Transfer fee: 5% of 400,000 = 20,000

Advance fee: 5% of 60,000 = 3,000. But this is below 5,000, so it is rounded up to W 5,000
Total: 20,000 + 5,000 = W 25,000

200
What is Mr. Anthony's pick for the greatest movie of all time?
Schindler's List.
200
Which body part gets the best workout whenever you go really, really fast?

허리

300
This term is used to describe the interest charges applied by APR to your balance transfers, purchases, and cash advances.
What is a "finance charge"?
300
This is a term that describes money you are required to repay due to credit cards, loans, or other forms of borrowing.
What is "debt"?
300
A card allows a minimum payment equal to 2.5% of the balance owed, with a minimum of $25. If the current balance on this card is $1,200, what will be the minimum payment allowed?

0.025 * $1200 = $30

300
Mr. Anthony's favorite fantasy movie is called...
Pan's Labyrinth.
300
What happens when a romantic couple eats fruit together?

They have 반하나.

400
This phrase describes the time period during which your debt does not collect interest, for purchases only.
What is "grace period"?
400
Other than interest, this is a payment you owe associated with balance transfers and cash advances.
What is a "fee"?
400
On a $100 balance, you choose to repay $100 per month until it is paid off. If your card's APR is 12% and you make no new purchases, how many months will it take to pay it back and this rate and how much will you spend paying it back? (Assume monthly interest)
It will take 1 month, and you will pay $100. No interest is accumulated during the grace period.
400

What does Mr. Anthony believe to be the greatest movie ending of all time?

Lost in Translation
400
What do you call the countries who always have a good reason for everything?

The 이유.

500
This term describe the often exorbitant interest rate charged to people who miss due dates for payments.
What is a "penalty APR"?
500
This term describes a common type of crime in which someone "steals" your name and private information, then uses them to commit fraud with cards or other monetary devices.
What is "identity theft"?
500

On a $500 balance, you choose to repay $100 per month until it is paid off. If your card's APR is 12% and you make no new purchases, how many months will it take to pay it back and this rate and how much will you spend paying it back? (Assume monthly interest as an estimation method)

Month 1: start 500, add 5, subtract 100 = 405

Month 2: start 405, add 4.05, subtract 100 = 309.05

Month 3: start 309.05, add 3.09, subtract 100 = 212.14

Month 4: start 212.14, add 2.12, subtract 100 = 114.26

Month 5: start 114.26, add 1.14, subtract 100 = 15.40

Month 6: start 15.40, pay 15.40 = 0 balance

Answer: 6 months, total paid: $515.40

500
What does Mr. Anthony regard as the best school drama movie ever?
The Breakfast Club.
500
Which part of your body is always outside?

Your 밖.

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