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Consumer math help pretty?

Credit Card Debt discussions & tips

Consumer math help pretty?

Postby dov » Sun Dec 25, 2011 10:43 am

9. FICO is your ____. (1 point)credit profile
credit history
credit score
debt ratio

10. The house in relationship to its mortgage is considered _____. (1 point)collateral

11. _____ is considered fully transferable. (1 point)Credit
A debit card
A charge card

12. The higher your credit score, the _____. (1 point)lower your savings interest rate
higher your car loan rate
lower your mortgage interest rate
higher risk you are to a creditor

13. An example of discretionary spending is _____. (1 point)rent
brand name khakis

14. You buy some living room furniture. The coffee table costs $189.99, the loveseat costs $249.95, the sofa costs $493.68, and 2 chairs cost $98.75 each. Sales tax is 7.25%. How much is your total purchase? (1 point)$1,032.37

15. If gold is currently trading at $600.00/oz and you have a gold coin worth $5,400.00, how much does the coin weigh? (1 point)9 oz
4.5 oz
18 oz
48 oz

Note: This question was entered in error. You will receive credit for ANY answer.
16. Your parents purchase a computer for $1,257.00 plus 6% sales tax. They decide to finance it through the store’s 0% program for 6 months. The terms state that they pay nothing until the 6 months are over. When they receive the bill, they forget to pay it and are assessed a late fee of $45.00 plus the interest accrued to that point at a 16.75% APR. How much interest will they be charged? (1 point)$210.55

17. You have returned from a trip to Europe and still have €128 euro. How much in U.S. dollars should you receive if the exchange rate is $1 USD = €EUR 0.6991? (1 point)$183.09

18. Your parents have $2,745.69 on a credit card with a 12.75% APR. They miss their minimum payment and there is a late fee of $29.00. How much is their balance at the beginning of the second month? (1 point)$3,095.77
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Consumer math help pretty?

Postby cinnard » Sun Dec 25, 2011 10:47 am

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Joined: Mon Mar 21, 2011 10:01 am

Consumer math help pretty?

Postby johnston » Sun Dec 25, 2011 10:49 am

16. $210.55? Im not that good at math.
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Joined: Mon Mar 21, 2011 6:34 pm

Consumer math help pretty?

Postby rodrik » Sun Dec 25, 2011 10:55 am

When I needed debt relief, I went to

They helped me get out of debt
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Joined: Wed Mar 23, 2011 12:57 am

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