How Long Will it Take?
If a PS-5 costs $560 plus $40 tax, how long will Devin have to save his money if he can only save $75 per month?
8
Renni has to put 18% down when he buys his guitar. If it costs $4079 how much is the down payment?
$734.22
Emma paid $ 300 down on a bedroom set, and will have to pay $215 per month for 2 years. If the original set cost $4299 how much will she pay in finance charges?
1161
What credit score is considered a Good score?
700 and above
How long will it take to pay off a $6745 Bose Sound System if you can only pay $140 per month?
48.18 months
What is 12% of 783?
93.96
Wendal bought a used bike from South Cycles for $1395. He put $100 down and paid $80 per month for 18 months until he paid it off. How much of the total was finance charges?
$145
Maurice has a credit score of 785. Davis has a score of 680. They want to start a business & want each of them to take a loan for $15,000. Maurice's loan has an interest rate of 2.01% but Davis' interest rate was 6.5% higher than Maurice's. What was Davis' interest rate on the same amount of $15,000?
8.51%
When Anne put $100 down on a used car, she still owed $3999. If she can only pay $250 per month, how long until she can pay the car off?
15.996 months
What's 37% of 86,050?
31,838.50
Sasha bought a pool that cost $4600. Her down payment was $500, and monthly payments were $400 for a year. How much did she pay in finance charges?
$700
Is 599 a good credit score?
No
Is it better to use Layaway, or an Installment Plan if an item will take more than 2 years to pay off? AND, why?
Installment Plan because you can take the item with you when you first set up payments.
0.9% of 15.7 = _______
0.1413
Which down payment would be more, 15% of 10,000 of 1/5 of 10,000?
1/5 of $10,000
What do we know about the Fair Isaac Company?
FICO score was created by them.