(0.5 points) no d. How many creditors have made inquiries about Jessie Robinson's credit? (0.5 points) 3 e. Do you think Jessie Robinson usually pays bills on time and in full? (1-2 sentences. 1.0 points) Yes from the papers im seeing Jessie did pay his bills on time and in full. f. Do you think Jessie Robinson's credit score would be great, normal, or poor?
(0.5 points) A: $543 c. Has Jessie Robinson ever applied for bankruptcy? (0.5 points) A: He has never applied for bankruptcy. d. How many creditors have made inquiries about Jessie Robinson's credit? (0.5 points) A: THREE. e. Do you think Jessie Robinson usually pays bills on time and in full?
What is the total balance of Jessie Robinson's revolving account? (0.5 points) $500 c. Has Jessie Robinson ever applied for bankruptcy? (0.5 points) No, Jessie Robinson never applied for bankruptcy d. How many creditors have made inquiries about Jessie Robinson's credit? (0.5 points) 3 creditors have made inquiries about Jessie Robinson's credit. e. Do you think Jessie Robinson usually pays bills on time and in full?
Name __David Crisp______4/15/2015____________________________Section 5 Study Questions (9.0 points) Answer each question fully. Complete sentences are not necessary. Lesson 1 (3.0 points) 1. What is credit? (0.5 points) Credit is commitment to pay for something in the future, instead of paying for it right away.
How much should the annual loan payments be? (Assume annual compounding) A) $5,560 B) $7,384 C) $8,074 D) $13,900 Ans: B 7.A retirement plan guarantees to pay to you or your estate a fixed amount for 20 years. At the time of retirement you will have $73,425 to your credit in the plan. The plan anticipates earning 9% interest. How much will your annual benefits be?
(0.5 points) Each time a company pays you, you'll receive a short summary of the amount of your gross pay, and the amount of payroll withholding for that pay period Lesson 3 (3.0 points) 1. What is financial responsibility? (0.5 points) The amount of your bill you have to pay. 2. Give at least two examples of utilities.
2.0 points) I would prefer a savings account that offered compound interest. As time passes, even if no deposits are made to the account the amount sitting in there can just keep gaining more and more interest. It does so at a faster rate than an account offered with simple interest so this seems much more appealing. 4. If you were opening a savings account with compound interest, would you prefer an account that offers annual compounding, quarterly compounding, or daily compounding?
Case study: Another example “Explain how a two-year bill facility that uses 90-day bills poses interest rate risk for the borrower. Describe FRAs, BAB futures and interest rate swaps and explain how they can be used to hedge the interest rate risk involved in a planned issue of BABs. Demonstrate how each hedge instrument establishes the company’s cost of funds.” Businesses often require funds for a longer term than the usual 90-day term of a bill and so will be provided with a bill facility. This is an agreement to rollover bills on their maturity date by issuing a replacement set of bills, however there is potential that borrowers will be exposed to interest rate risk. Interest rate risk is basically the threat posed by unexpected changes in interest rates, in other words, it can be defined as the uncertainty surrounding expected returns on security, brought about by changes in interest rates.