Banking Terms
(True / False) When getting a mortgage it is better to have a high interest rate.
What is false?
Interest with 450$ at 7% for 1 year?
How much is 31.50$?
The smallest planet in our solar system.
What is Mercury?
With 1250$ at a rate of 0.04 for 5 years, the total money at the end would be this much.
How much is 1520.81$?
Who is Wannan?
What is interest?
What is money earned by lending money?
Interest with 5400$ at 3.5% for 1 year.
How much is 189$?
The Pythagorean theorem is.
With 4578$ at a rate of 0.029, in 3 years they money would grow to this much.
How much is 4987.95$?
Mr. Ws' first degree is in.
The acronym HISA means this.
With an interest rate of 3% for 1 year, starting with 15600$ will net this much money.
How much is 16068$?
The currency used in Japan.
What is yen?
With 5000% at an interest rate of 4.8%, after 8 years the money would grow to this amount.
How much is 7275.46$?
One sport that Mr. W plays is.
What is Curling / Skiing / Golf?
For a mortgage, the amortization period represents this.
What is the duration of the repayment?
With 1200$ at an interest rate of 3% (simple interest), 180$ will be made in this many years.
How long is 5 years?
The most expensive spice in the world by weight?
What is saffron?
With a capital of 10000$ at an interest rate of 8% compounding biannually, this much interest would be generated after 2 years.
Mr. W went to teachers collage at this university.
Where is Lakehead University?
In this type of mortgage the interest rate can not change.
What is a fixed rate mortgage?
Mark puts 4000$ into an investment account that yields 5% annual simple interest. After 5 years Mark has earned this much.
How much is 1000$?
There are this many letters in the alphabet.
How many are 26?
5500$ of principal at an interest rate of 6% compounding every month, after 7 years would become this large.
How much is 8362.03$?
Mr. W lives in this town.
Where is Elliot Lake?