+1 862 207 3288 consumer math
The type of loan for which consumers do not pay the full amount at the time of purchase, but pay a portion of the amount owed in regular payments, is called consumer _________.
contingent
uncertain
credit
rule
.
10 points
Question 2
Loans with regular payments are called _________________ loans.
future
present
installment
value
.
10 points
Question 3
_________ installment loans are loans in which the amount borrowed plus interest is repaid in a specified number of equal payments.
Open-end
Auto
Charge
Closed-end
.
10 points
Question 4
______________ loans are loans in which there is no fixed number of payments.
Close-ended
Terminal
Nonterminal
Open-ended
.
10 points
Question 5
The _______ price is the price you pay if you pay the full amount at the time of sale.
cash
credit
financed
installment
.
10 points
Question 6
The _______ payment is a partial payment of the cash price paid at the time of sale.
cash
down
installment
credit
.
10 points
Question 7
The _________________ is the total amount you pay in regular payments to pay off the balance of the loan.
down payment
selling price
amount financed
terminal price
.
10 points
Question 8
The installment _______ is the amount you pay each period, including interest, to pay off the loan.
loan
interest
payment
tax
.
10 points
Question 9
The ________ price is the total paid, including interest, to pay off an installment loan.
tax
financed
nominal
installment
.
10 points
Question 10
The interest associated with an installment loan is part of the charges referred to as _______charges or carrying charges.
gifted
finance
latent
taxable
816.
Question 1
Choose the one alternative that best completes the statement or answers the question. Find the ending balance in the account register.
A.
$4271.87
B.
$4664.14
C.
$3803.25
D.
$5118.87
.
10 points
Question 2
Choose the one alternative that best completes the statement or answers the question. Find the ending balance in the account register.
A.
$1296.56
B.
$2590.32
C.
$1583.07
D.
$2012.04
.
10 points
Question 3
Choose the one alternative that best completes the statement or answers the question. Find the ending balance in the account register.
A.
$1692.38
B.
$2293.07
C.
$1216.28
D.
$1520.65
.
10 points
Question 4
Choose the one alternative that best completes the statement or answers the question. Find the ending balance in the account register.
A.
$4744.42
B.
$6400.80
C.
$5698.10
D.
$6404.88
.
10 points
Question 5
Choose the one alternative that best completes the statement or answers the question. Find the ending balance in the account register.
A.
$2502.54
B.
$507.28
C.
$1195.86
D.
$3675.72
.
10 points
Question 6
Find the current balance.
A.
$1193.94
B.
$596.00
C.
$601.87
D.
$590.13
.
10 points
Question 7
Find the current balance.
A.
$2375.44
B.
$2394.64
C.
$2374.39
D.
$2373.34
.
10 points
Question 8
Find the current balance.
A.
$660.96
B.
$659.52
C.
$1397.52
D.
$662.40
.
10 points
Question 9
Find the current balance.
A.
$2226.37
B.
$2221.29
C.
$2214.47
D.
$2231.45
.
10 points
Question 10
Find the current balance.
A.
$580.09
B.
$631.81
C.
$605.95
D.
$2653.72
