If Carlos bought a CD player for $149.89 and he made a down payment of $45 and will pay off the balance in one year and the finance charge is 21.35%, what is the total amount Carlos will have to pay?
The total amount that Carlos will have to pay for his CD player is $172.28. ChaCha!
Last Week's Popular Questions for Finance
_ _ _ _ represent anything you owe, including unpaid bills, borrowed money, credit card debt, payments owed on a motor vehicle, and a mortgage on a home. A. Net worth (N) B. Liabilities (L) C. Assets (a) D. None of the above.
That would be considered liabilities.
_ _ __is made up of portfolios of both stocks and bonds. A. balanced fund B. equity funds C. bond funds D. money market funds.
That would be Equity Fund.
The _ _ _ _ _ _ _ _ _ has also been criticized for allowing financial corporations to exchange and sell personal, health, and financial information relating to their clients. A. Financial Institutions Reform, Recovery, and Enforcement Act B. Gramm-Leach-Bliley Act C. Federal Savings and Loan Insurance Corporation Act D. Federal Deposit Insurance Corporation Act.
The answer is B. The Gramm-Leach-Bliley Act requires financial institutions –...
Are classified as assets because they are owned by the bank and represent obligations payable to the bank? A. Fractional reserve banking B. Loans C. Securities D. Cash in vault.
Loans are classified as assets because they are owned by the bank and represent...
Another term for savings accounts is _ _ _ _ _ _ __. a. demand deposits B. Loans C. Securities D. Time deposits.
"Time Deposits" is another term for savings account.
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