Loans Review

What is 3.2% of $14,000?

• $43.75

• $44.80

• $437.50

• $448.00

Tags

CCSS.6.RP.A.3C

The original amount of money borrowed for a loan is called the...

• APR

• Interest

• Principal

• Term

Tags

CCSS.7.RP.A.3

Which type of loan is always secured (meaning there is collateral)?

• Credit Card

• Mortgage

• Payday Loan

• Student Loan

Which type of loan is taken out by someone who wants to start their own company?

• Credit Card

• Mortgage

• Payday Loan

• Small Business Loan

True or False: If you pay your credit card balance in full each month, there is no fee or interest payment.

• True

• False

Tags

CCSS.7.RP.A.3

The amount you still owe after you have made your most recent payment on a credit card is called:

• Credit Limit

• Interest Rate

• Minimum Payment

• Outstanding Balance

Tags

CCSS.5.NBT.A.2

What is 0.52% of $21,000?

• $40.39

• $109.20

• $403.85

• $1092.00

Tags

CCSS.6.RP.A.3C

A Credit Card advertises an APR of 12%. If the interest is compounded monthly, what is the effect APR?

• 0.5%

• 1.0%

• 2.0%

• 6.0%

True or False: It is usually cheaper to go to an in-state public school than an out-of-state public school

• True

• False

Which degree holders earn the most on average?

• High School

• Associate's

• Bachelor's

• Master's

Tags

CCSS.8.SP.A.1