Credit Card Review CC

How do we find monthly percentage rate?

• Use the APR

• Use a percentage not a decimal

• Divide our APR by 100 and then by 12

• Multiply our APR by 100

Chase Bank has an APR of 25%. How do I find the monthly percentage rate?

• Divide 25 by 100 and then by 12

• Divide 25 by 100

• Divide 25 by 12

• Multiply 25 by 100 and then 12

What movie is this character from?

• Halloweentown

• Hocus Pocus

• Corpse Bride

• Nightmare before Christmas

The APR (annual percentage rate) is 22%. What is my monthly percentage rate?

• .0283

• .22

• .0183

• .100

At Chase Bank, if my monthly percentage rate is .0183, what would my interest be if I had $4500 in the account?

• .0183

• 82.35

• 4500

• 4499.98

The interest would be $82.35 with $4,500 in the account. What is my total balance with interest?

• 4500

• 4417.65

• 82.35

• 4582.35

The balance with interest would be $4582.35. If my minimum payment is $40, what will my remaining balance be?

• 4542.35

• 40

• 4582.35

• 32.50

$4542.35, nice work! Did we pay off the credit card?

Hint: Do we still have money to pay?

• Yes

• No

What is your favorite season?

• Summer

• Fall

• Winter

• Spring

Is it better to pay off a credit card fast, or slow?

• Fast

• Slow