Debt/Income
(Yes or No) Is accounting the best major anyone can major in?
Yes - obviously
What is the phone number students use to contact the ALC?
(210) 784-1332
(Yes or No) You are on a train traveling at 45mph and your stop is 300 miles away, if you invest $1,000 now @ 3% interest, would you have enough to buy a milkshake halfway through your trip that cost $3?
Yes - there is no need to explain why because it is so simple to solve.
When combined together, what do Red and Blue make?
Purple
According to the Debt Snowball strategy, which account would you pay off first?
•$10,000 credit card debt at 18.99% APR
•$9,000 car loan at 3.00% interest rate
•$15,000 student loan at 4.5% interest rate
Car loan
When playing video games at work, if a student walks in needing help, when do you stop to help?
(Yes or No) You should constantly check your stocks if you are a beginner investor.
No - only check once per quarter or later
What is Harry Potter's middle name?
James
Which Debt Strategy will save you the most in interest?
Debt Avalanche
What is the school color for the week?
Black
What is the Time Value of Money?
A $1 today is worth more than a $1 in the future
What do you call a baby rabbit?
Kittens
What should be the first step in starting to climb out of debt?
As a tutor, are you allowed to recommend that a student take time away from college and try a more technical field? Ex: Ice cube inspector, Care-bear associate.
Absolutely
What is typically the highest Debt-to-Income (DTI) ratio a borrower can have for a mortgage?
43%
In Monsters, Inc., how many eyes does Mr. Waternoose have?
Five
How many categories are there in determining your credit score?
6 - Credit card use, Payment history, Derogatory marks, Credit age, Total accounts, Hard inquiries
When in Mercedes birthday?
I don't know - if you gave any answer you get the points.
What is the formula for Debt-to-Income (DTI)
DTI = Total of Monthly Debt Payments ÷ Gross Monthly Income
Who does Sam marry at the end of The Return of the King?
Rosie Cotton