WorksheetsCPB 2.2
Total questions: 10
Worksheet time: 3mins
What is the percentage rate calculated in such a way as to make it easy to compare different interest rates?
(a)
Interest rates that stay the same for the life of a loan are called _____ ________ _____.
(a)
A yearly negotiable fee for having a credit card is a (a) fee.
If you use a credit card and pay off the (a) each month you pay no interest.
An origination fee is when a (a) may charge you to take out a loan.
When you pay down on a house you are expected to pay at least _______ _______ or you have to take out mortgage insurance.
(a)
When you pay back your loan in monthly payments it is called (a) credit.
A very poor source for a loan would be which of the following?
bank
pay day loan company
credit union
Interest rates that change during the life or loan based on changes in the interest rates are called (a) interest rates.
The longer the loan term, the lower your monthly payments but the higher the amount of (a) you must pay.
