Elephants
72/10% = 7.2 years.
What is the Rule of 72?
These are the three main credit reporting bureaus.
Who are Equifax, Experian, and TransUnion
The price of money.
What is Interest?
This speaks to the borrower's ability to repay the loan.
What is Capacity?
If you invest $1200, compounded annually, over 8 years, what formula would you use to figure this out?
What is......A = P (1 + r/n)^nt?
This is a retirement savings and investing plan that employers offer employees.
What is a 401k?
The ability to obtain goods or services now while paying for them in the future.
What is credit?
Currently, there are how many students enrolled at BBA? (Come within 10 and you get it right)
What is 777?
This speaks to the term "WILL the borrower repay the loan?"
What is Character?
This interest is the interest you earn on interest.
What is Compound Interest?
When you buy this, you're buying a tiny piece of an actual company.
What is a stock?
There are this many "unique class offerings" at BBA. (Number of different classes to choose from) (Come within 5)
What is 150?
Payment received in exchange for resources provided.
What is Income?
How many different countries are represented by the student body? (Come within 2)
What is 13?
This is the knowledge, talent and skills that people possess.
What is Human Capital?
This term means spreading your money out among different kinds of investments.
What is diversification?
This is a plan for managing income and expenses.
What is a budget?
Protections put in place by law to help people obtain and maintain credit.
What are credit rights?
This form allows employers to determine what amount of income tax they should deduct from each employee's paycheck based on that person's situation, such as whether he/she is married or single, etc.
What is a W-4?
This is the amount people earn per pay period before any deductions or taxes are paid
What is Gross Pay?
A basket of stocks.
What is an index fund?
This is a legally required cheat sheet for credit cards that breaks down two main aspects of any card: interest rates and fees.
What is the Schumer Box?
the document an employer is required to send to each employee and the Internal Revenue Service (IRS) at the end of the year. This reports employees' annual wages and the amount of taxes withheld from their paychecks.
What is a W-2?
Credit rights refer to the protections put in place by __________ to help people obtain and maintain credit.
What is the Law?
I invest $6,000 in my retirement account, for 47 years, compounded monthly, at 9%.
A = P (1 + r/n)^nt
A = $6,000 (1 + .09/12)^12*47
A = $6,000 (1 + .0075)^564
A= $6,000 (1.0075^564) =
What is $405,847?