Loans: Check for Understanding

If you have a credit card bill for 500 dollars, and you write a check for 350, but you have an APR of 29%, what will be the bill for next month?

• 210 dollars

• $150 dollars

• $193.50 dollars

• $450.75 dollars

If you have a 1800 dollar credit card bill, and you write a check for 600 dollars, but the APR is 14%, what will your next months bill be?

• $1368 dollars

• $1468 dollars

• $1568 dollars

• $1668 dollars

If you're 18 or 19 years old, what credit score should you strive for in order to purchase a car without a cosigner?

• 500-550

• 600-610

• 700-710

• 400-440

If you take out 90000 dollars of student loans for college, and the interest rate or APR is 6.5%, and the term of the loan is 10 years, what would your monthly payment be? Use link-https://www.bankrate.com/loans/student-loans/student-loan-calculator/

• $340.55 dollars

• $522.98 dollars

• $921.77 dollars

• $1021.93 dollars

What is the lowest and highest credit score one can have?

• 300 is the lowest and 850 is the highest

• 400 is the lowest and 700 is the highest

• 600 is the lowest and 800 is the highest

• none of these answers