I Got 72 Problems
How long would it take an account to double if the intrest rate was 1% a year?
72 years
What are the 3Cs of credit?
What is Capacity, Character, and Collateral?
This tax is charged as a % of goods and services
What is Sales Tax?
How long would it take an account to double if the intrest rate was 10% a year?
7.2 years.
The reason credit cards have higher interest rates than home loans is because they don't have this thing the bank can take back if the loan is not repaid.
What is collateral?
These are the TWO taxes that come out of your paycheck.
What are Payroll Tax and Income Tax?
$1,100
Someone's credit history would be considered in a loan application and broadly put into this "C" category.
What is character?
This is a tax on real estate.
What is Property Tax?
Fill in the blanks: If someone wanted to minimize their risk of loss they would take out a(n) ______________ policy and make monthly or yearly payments, called ______________, to a company. In the event of a loss the company would compensate them
Insurance.. Premiums
Which of the following normally has the highest interest rate: a home loan, a car loan, or credit cards?
Credit Cards
Travis makes $80,000 in net income and $95,000 in gross income. His taxes are
What is $15,000?