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Related Flashcards
Related Topics
Cards In This Set
| Front | Back |
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The amount of time for which a loan is
granted
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Term
|
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Use 360-day calculation
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Ordinary interest
|
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Use 365-day calculation
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Exact interest
|
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A loan paid off in several equal payments over time
|
Installment loan
|
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Portion of the cash price of the item you're purchasing
|
Down payment
|
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What is the finance charge for a $600.00 couch if you make a down payment of $102.03?
|
$497.97
|
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What is the finance charge for a $2999.99 ring if you make a down payment of $1845.33?
|
$1154.66
|
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What is the finance charge for a $8,952.00 dress if you make a down payment of $955.60?
|
$7996.4
|
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What is the finance charge for a $500.00 cow if you make a down payment of $250.00?
|
$250.00
|
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What is the finance charge for a $45,622 canoe if you make a $5,688.00 down payment on it?
|
$39,934
|
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What is the finance charge of the $420.00 sasquatch hat if you make an $100.00 down payment on it?
|
$320.00
|
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What is the finance charge of a $990.00 clarinet if you make a down payment of $400.00?
|
$590.00
|
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What is the finance charge of a $450.55 barrel if you pay a down payment of $25.50?
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$425.05
|
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What is the finance charge of a $550.00 waffle iron if you make a $50.00 down payment?
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$50.00
|
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What is the finance charge of a $2,000.00 walrus if you make a down payment of $1,000.00?
|
$1,000.00
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