Practice Test Answers

The table shows a schedule of the first year of Kamil’s payment plan for a car. Kamil’s Payment Plan for the First Year Year Balance Monthly Payment End of Year Balance 1 13 dollars comma 086 point 7 2 363 point 5 2 dollars 8 dollars comma 724 point 4 8 How many years will it take Kamil to pay off the loan?

Which is considered a good credit practice?

Jessica is trying to get a credit card. She has a credit score of 790. How is Jessica’s lender likely to view this credit score?

Companies report people to credit agencies if they

In which column on a check register should the total current amount in the account be entered?

Which describes the difference between a personal loan and a credit card?

Fiona wrote a check to the veterinarian for 89 point 5 6 dollars She’ll use the check register to record her transaction. What will be her new balance? Open image in full-screen view

A down payment is usually what percentage of the asking price of a home?

Rita has a credit card that gives a 6 percent discount on every purchase. The annual percentage rate on the card is 15 percent She is purchasing a digital camera for 300 dollars If she purchases the camera and only pays 80 dollars on the first month’s bill, how much will she need to pay off the balance the following month?

A mortgage is a legal agreement between a borrower and a