Credit
Type of credit that's open-ended, usually involves some sort of a credit limit
Revolving
Missed/late payments
Where to look if you want to see the yearly high/low of a stock's performance
52-week high/low
Who has the most points in NBA history?
Lebron James
Why might someone want to do a 60-month car loan rather than a 48-month? What's the drawback to going this route?
Lower monthly payments; drawback is that you'll pay more on the loan over time because of interest
Type of credit that has set monthly payments with an eventual pay-off date
Installment
Type of credit score most of the credit reporting agencies use
FICO
When company profits/earnings are shared with stockholders
Dividends
What state in America was known for the 1849 Gold Rush?
California
What type of credit does a car loan represent?
Installment
Type of debt that includes collateral
Secured
This credit score factor includes the variety of credit you have
Credit Mix
Type of investment security that aims to match the performance of the market
Index funds
What EG staff member was a teacher at Hersey during my freshman year?
Dr. Kelly
What are the REGULAR costs associated with owning a financed car?
Monthly payments on the car
Gas
Insurance
This type of debt typically has higher interest rates due to less protection for the lender
Unsecured
List the 5 factors of a "Credit Score"
Credit Length
Credit Mix
New Credit
Amounts Owed
Area of the stock table that gives you a stock's average rate of return by showing you how much you have to spend to earn a $1
Price to Earnings ratio (P/E)
Napoleon
Why is it better to make a bigger down payment rather than a smaller one?
-Likely you'll receive a lower APR from lender
-Less you owe back on loan=less you'll pay in interest
-Down payment acts as another form of collateral on the loan, making it safer to the lender which could make it cheaper to borrow for the borrower
This type of interest is calculated not only on the principal, but also the already accrued interest
Compound
What does a credit score tell a lender? (one word)
Creditworthiness
Mutual Fund
What country lost a war to Emu birds?
Australia
What needs to be calculated BEFORE subtracting the down payment from the total cost of a car?
Sales tax