FP 120 Week 3 Using Consumer Credit Worksheet | eBooks | Education

FP 120 Week 3 Using Consumer Credit Worksheet

FP 120 Week 3 Using Consumer Credit Worksheet PLDZ-1075 Instant Download Price
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FP 120 Week 3 Using Consumer Credit Worksheet

https://uoptutorialstore.com/category/fp-120

 

FP 120 Week 3 Using Consumer Credit Worksheet

 

Instructions

Complete the Using Consumer Credit Worksheet

Submit your assignment to the Assignment Files tab.

Using Consumer Credit Worksheet

 

Assignment: Using Consumer Credit Worksheet

 

 

Purpose: The Using Consumer Credit Worksheet is designed to test a student’s understanding of credit card interest rates and how to use credit calculations for various purchases.

 

 

 

 

    1. Calculate the following using the Bankrate calculator at:

 

 

 

http://www.bankrate.com/calculators/managing-debt/minimum-payment-calculator.aspx

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit Card Balance Interest Rate Minimum/Fixed Payment Number of Months to Pay in Full Total Interest Paid
$5,000 13% Minimum    
$5,000 18% Minimum    
$2,000 15% Fixed $50    
$2,000 15% Fixed $100    

 

 

 

 

    • Minimum in this example should be Interest plus 1% of balance, and it will then default to a $15 minimum.

 

 

 

 

FP 120 Week 3 Using Consumer Credit Worksheet https://uoptutorialstore.com/category/fp-120 FP 120 Week 3 Using Consumer Credit Worksheet Instructions Complete the Using Consumer Credit Worksheet Submit your assignment to the Assignment Fil
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