Mortgage Loan
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, Fixed life. Every month, you pay off the interest that is due on the loan and
you pay off a bit of principal. After making your payment, you owe less, so
you end up spending less on interest in the next month. This frees up more
money to pay down your principal, and this process continues until you pay
your loan off. With a fixed-rate conventional mortgage, your payment
never changes, but the amount of money you spend on interest goes down
and the amount you pay on principal goes up.
Balance Sheet Equation
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Assets-Liabilities = Net Worth
You buy a $28,000 car and must choose between a 0% APR for 6 years, or $4,000
rebate. You are making a $3,000 down payment, and could get a car loan at your
credit union at 6.9% for 6 years.
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The payments would be less with 0% financing
The margin required on the purchase of common stock is currently set at...
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50%
,Semi-Annually
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2 PMTS/YEAR
In relation to the balance sheet or income statement, the budget:
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requires greater concern for financial goals
What is the future value of $2,000 invested per year for 30 years at a 10% annual rate?
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$328,988
Adverse selection
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When those with higher than average risk seek or continue insurance
coverage
, A stock sold for $15 per share 15 years ago. Today sells for $35.95. What is the average
annual growth rate?
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6%
A diversified securities portfolio is characterized by...
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dissimilar risk and return characteristics of the securities
A 403(b) plan is essentially the same as a 401(k) plan except that it's aimed at
employees of
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Charitable organizations and schools
Which of the following is NOT a characteristic of most passbook savings accounts?
An unlimited number of deposits or withdrawals each month
No minimum balance requirement
Interest rates are higher than money market rates
Transactions are often recorded in a passbook
Interest rates are lower than C.D. rates
Give this one a try later!
Give this one a try later!
, Fixed life. Every month, you pay off the interest that is due on the loan and
you pay off a bit of principal. After making your payment, you owe less, so
you end up spending less on interest in the next month. This frees up more
money to pay down your principal, and this process continues until you pay
your loan off. With a fixed-rate conventional mortgage, your payment
never changes, but the amount of money you spend on interest goes down
and the amount you pay on principal goes up.
Balance Sheet Equation
Give this one a try later!
Assets-Liabilities = Net Worth
You buy a $28,000 car and must choose between a 0% APR for 6 years, or $4,000
rebate. You are making a $3,000 down payment, and could get a car loan at your
credit union at 6.9% for 6 years.
Give this one a try later!
The payments would be less with 0% financing
The margin required on the purchase of common stock is currently set at...
Give this one a try later!
50%
,Semi-Annually
Give this one a try later!
2 PMTS/YEAR
In relation to the balance sheet or income statement, the budget:
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requires greater concern for financial goals
What is the future value of $2,000 invested per year for 30 years at a 10% annual rate?
Give this one a try later!
$328,988
Adverse selection
Give this one a try later!
When those with higher than average risk seek or continue insurance
coverage
, A stock sold for $15 per share 15 years ago. Today sells for $35.95. What is the average
annual growth rate?
Give this one a try later!
6%
A diversified securities portfolio is characterized by...
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dissimilar risk and return characteristics of the securities
A 403(b) plan is essentially the same as a 401(k) plan except that it's aimed at
employees of
Give this one a try later!
Charitable organizations and schools
Which of the following is NOT a characteristic of most passbook savings accounts?
An unlimited number of deposits or withdrawals each month
No minimum balance requirement
Interest rates are higher than money market rates
Transactions are often recorded in a passbook
Interest rates are lower than C.D. rates
Give this one a try later!
