Credit
A contractual agreement in which a borrower receives a sum of money or something else of value and commits to repaying the lender later, typically with interest.
What is Credit?
Michael deposits $10,000 into a retirement account that earns 7% interest per year, compounded quarterly. He does not make any additional deposits.
How much will his investment be worth after 20 years?
$40,063.92
A type of producer that provides goods in their natural state.
What is a Raw Good Producer?
What was the name of the Ukrainian nuclear power plant that was the site of a nuclear disaster in April 1986?
Where is Chernobyl?
In Roman mythology, this person is the son of Mercury and Venus.
Who is Cupid?
When you spend more than you earn and borrow against your credit to facilitate that spending it is this.
What is a Debt Trap?
Emily takes out a $50,000 student loan with an interest rate of 4.8% per year, compounded monthly. She cannot make any payments for 10 years while she is in school and working. How much will she owe after 10 years?
$80,726.39
A type of producer that constructs roads, bridges, buildings, or houses.
What are Builder?
The United States bought Alaska from this Country.
Who is Russia?
This third century Saint is why the practice of Valentine's day exists. His feast day has been associated with a tradition of courtly love. He is also a patron saint of Terni, epilepsy and beekeepers.
Who is Saint Valentine?
Name three forms of Credit.
What are car loans, mortgages, personal loans, and lines of credit?
A company invests $5,000,000 into a project that is expected to grow at an annual rate of 6%, compounded annually. What will be the value of the investment after 15 years?
$11,982,790.97
A business that buys consumer goods or services and sells them to the ultimate consumer.
What are Retailers?
Which four presidents are on Mount Rushmore?
Who are George Washington, Abraham Lincoln, Thomas Jefferson, and Theodore Roosevelt?
This insanely popular website debuted on Valentine's Day in 2005.
What is Youtube?
Credit Scores range between these numbers.
What is 300 - 850?
Sarah takes out a $300,000 mortgage with an annual interest rate of 5%, compounded monthly. She does not make any payments for 30 years. How much will she owe at the end of 30 years?
$1,340,323.29
Intermediaries who help to move goods between producers and retailers by buying goods from producers and selling them to retailers.
What are Wholesalers?
Mount Vesuvius erupted in 79 AD and devastated which two Roman cities?
Where is Pompeii and Herculaneum?
The Spangler Candy Company produces this popular Valentine's Day candy.
What are Sweethearts conversation hearts?
What is the formula to calculate compound interest?
What is A = P(1 + r/n)^nt ?
David takes out a $15,000 personal loan at an interest rate of 7%, compounded quarterly. He makes fixed monthly payments of $400. How long will it take him to fully pay off the loan?
76 Months
The duty of business to contribute to the well-being of society.
What is Social Responsibility?
These are the seven wonders of the ancient world.
What are The Great Pyramid of Giza in Egypt, the Hanging Gardens of Babylon, the Statue of Zeus at Olympia, the Temple of Artemis at Ephesus, the Mausoleum at Halicarnassus, the Colossus of Rhodes, and the Lighthouse of Alexandria?
Letters to Juliet are sent to this city every year.
Where is Verona, Italy?