Interest-ing Developments
A loan to finance the purchase of a home whereby the lender has the right to sell the property if the loan payments are not made
What is a mortgage?
Water, Electricity, Phone, Gas
What are utility costs?
Purchased to protect yourself and home from losses
What is homeowners insurance?
The amount of money you earn before taxes and other deductions
What is gross pay?
the cost per unit of measure or count
What is unit price?
The amount paid before financing the rest.
What is a down payment?
What is fair market price?
The amount paid for insurance coverage
Often paid when you work overtime.
What is time and a half?
a certificate or ticket that offers the customer a special discount on an item or service
What is a coupon?
What are closing costs?
The value of a property for tax purposes.
What is assessed value?
The amount of money required to reconstruct a home if it is destroyed
What is replacement value?
A fixed amount of money that you earn on a regular basis
What is a salary?
What is the markdown?
Principal times rate times time
What is interest formula?
What are mills?
Coverage to pay for some for some of the expenses of living away from home while damage to your home is being repaired
What is loss-of-use coverage?
What is an earnings statement.
The price of an item after any discounts are applied
What is the sale price?
In equal monthly payments.
How mortgages are paid?
What is net pay?
A number that reflects the quality of safety services in your area
What is fire protection class?
A type of income tax that involves a different tax rate for each of several levels of income
What is graduated income tax?
Cameroon uses this version of sales tax
What is value added tax?