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- 1. Credit reports: A. Only report credit history under your current name B. Only report payments that were made on time C. Can only be secured without your permission D. Show any liens, foreclosures, or bankruptcies 2. Investments: A. Are the same as savings B. Should be a priority when receiving a paycheck C. Both Are the same as savings and Should be a priority when receiving a paycheck D. None of these 3. An example of a personal asset is a: A. Job B. Paycheck C. Car D. All of these E. None of theseCompare the interest rates, fees, and other items between 3 mortgage companies or banks for a 15 year and 30 year mortgage of $300,000. Write down your findings. Then, Discuss what you have learned from this experience.4. A bank pays 3% interest per year (compounded annually). a. To what amount will a $5,000 deposit grow if left in the bank for 10 years? b. Draw the Cash Flow Diagram for this problem.
- Why would a bank lending officer be interested in thecash flow statement of a company that is applying for a loan?2. Customer information that may be sold by banks include all of the following, EXCEPT a. loan history b. investments c. public arrest record d. bank balanceIt is a form of guarantee given by a reputable bank. If the borrower defaults in paying, the investor has legal recourse to the bank. a. Repurchase agreement b. Banker acceptance c. Certificate of deposit d. Commercial paper
- 1. A bank is offering to sell four-month certificates of deposit for $ 4,926. At the end of four months, the bank will pay $5,000 to the certificate owner. Based on a four-month interest period: a) What is the interest rate the bank is paying you? b) What are the nominal and effective interest rates on this certificate of deposit?Identify issues that associate either Trustwortiness in E Banking/E wallet, Your essei should explain trust issue that arise when using E Banking/E wallet, factors that influence customer trust and how to overcome trust issues in E Banking/E wallet. Your essei should be hand wrinting 250 words only 1 pagesof 1 The credit card with the transactions described in the popup below uses the average daily balance method to calculate interest. The monthly interest rate is 1.2% of the average daily balance. Calculate parts a-d using the statement in the popup. Click the icon to view the credit card statement. a. Find the average daily balance for the billing period. Round to the nearest cent. The average daily balance for the billing period is $ (Round to the nearest cent as needed.)