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When talking about a loan, what is the ‘principal’?
A Trade-Off
The length of time it will take to repay the loan completely, including interest, and assuming you pay on time
Gross pay is what employees earn before taxes, net pay is that amount minus deductions
You credit score
A savings account is a place where you can store your cash safely while earning interest.
The percentage of the loan amount that you pay the lender you borrowed from as a fee
A checking account is a bank account for everyday expenses like paying bills and making purchases.
The amount of money you borrow; it decreases as you pay off your loan
When we decide to spend or save our money on something, that is money that we also have decided will not be saved or spent on something else. What is this called?
A Trade-Off
The length of time it will take to repay the loan completely, including interest, and assuming you pay on time
Gross pay is what employees earn before taxes, net pay is that amount minus deductions
You credit score
A savings account is a place where you can store your cash safely while earning interest.
The percentage of the loan amount that you pay the lender you borrowed from as a fee
A checking account is a bank account for everyday expenses like paying bills and making purchases.
The amount of money you borrow; it decreases as you pay off your loan
When talking about a loan, what is the ‘term’?
A Trade-Off
The length of time it will take to repay the loan completely, including interest, and assuming you pay on time
Gross pay is what employees earn before taxes, net pay is that amount minus deductions
You credit score
A savings account is a place where you can store your cash safely while earning interest.
The percentage of the loan amount that you pay the lender you borrowed from as a fee
A checking account is a bank account for everyday expenses like paying bills and making purchases.
The amount of money you borrow; it decreases as you pay off your loan
What is the difference between gross pay and net pay?
A Trade-Off
The length of time it will take to repay the loan completely, including interest, and assuming you pay on time
Gross pay is what employees earn before taxes, net pay is that amount minus deductions
You credit score
A savings account is a place where you can store your cash safely while earning interest.
The percentage of the loan amount that you pay the lender you borrowed from as a fee
A checking account is a bank account for everyday expenses like paying bills and making purchases.
The amount of money you borrow; it decreases as you pay off your loan
What might impact your ability to get a loan, or the interest rate you have to pay on that loan?
A Trade-Off
The length of time it will take to repay the loan completely, including interest, and assuming you pay on time
Gross pay is what employees earn before taxes, net pay is that amount minus deductions
You credit score
A savings account is a place where you can store your cash safely while earning interest.
The percentage of the loan amount that you pay the lender you borrowed from as a fee
A checking account is a bank account for everyday expenses like paying bills and making purchases.
The amount of money you borrow; it decreases as you pay off your loan
What is a checking account?
A Trade-Off
The length of time it will take to repay the loan completely, including interest, and assuming you pay on time
Gross pay is what employees earn before taxes, net pay is that amount minus deductions
You credit score
A savings account is a place where you can store your cash safely while earning interest.
The percentage of the loan amount that you pay the lender you borrowed from as a fee
A checking account is a bank account for everyday expenses like paying bills and making purchases.
The amount of money you borrow; it decreases as you pay off your loan
What is a savings account?
A Trade-Off
The length of time it will take to repay the loan completely, including interest, and assuming you pay on time
Gross pay is what employees earn before taxes, net pay is that amount minus deductions
You credit score
A savings account is a place where you can store your cash safely while earning interest.
The percentage of the loan amount that you pay the lender you borrowed from as a fee
A checking account is a bank account for everyday expenses like paying bills and making purchases.
The amount of money you borrow; it decreases as you pay off your loan
When talking about a loan, what is the ‘interest’?
A Trade-Off
The length of time it will take to repay the loan completely, including interest, and assuming you pay on time
Gross pay is what employees earn before taxes, net pay is that amount minus deductions
You credit score
A savings account is a place where you can store your cash safely while earning interest.
The percentage of the loan amount that you pay the lender you borrowed from as a fee
A checking account is a bank account for everyday expenses like paying bills and making purchases.
The amount of money you borrow; it decreases as you pay off your loan
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