bellringer - 1.31.12

17. According to your reading material of Chapter 5, in which year was the Internet born?



18. When examining the timeline on page 189, what do kbps, mbps, and gbps mean?

bellringer - 1.25.12

15. What is a typical percentage range of the fee that may be charged on a purchase from a business by a credit card company?



16. What is the name of a fee that you may be charged for transferring a balance of one credit card to another?

bellringer - 1.23.12

13. Which act governs that the lender must tell the borrower what annual rate is charged on the loan?



14. What does APR mean?

bellringer - 1.19.12

11. Why do you think the Rule of 78 finance charge method is considered unfair and illegal in 17 states?



12. Why might a bank be in favor of using such methods? In your opinion, is it good practice for a financial institution to fully explain the terms and systems they use to calculate interest and handle loan repayment?

bellringer - 1.17.12

9. What is an installment contract?



10. An installment loan usually is repaid with a plan that calculates each payment as the same. Please name this method.

bellringer - 01.12.12

7. For this bellringer, please complete the following poem.

Thirty days hath
September, April,
June and November.

All...



8. In a spreadsheet, please label the following.

A   -
4   -
A4   -
A1:A4   -
=A1-A4   - 

bellringer - 01.10.12

5. If lenders do not get some form of ______________, they tend to charger higher rates of _________.



6. What are the symbols used to calculate addition, subtraction, multiplication, and division in a spreadsheet program? Which symbol tells the program that a cells contents should be calculated as a formula?

bellringer - 01.06.12

3. What are the two types of interest methods?



4. What is the formula for calculating Rate of Interest?