Question 15 pts
A ____________ is a document ordering a ____________ to pay a stated sum of money from a person’s account to another person.
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The ____________ of a check is the ____________ on its back, authorizing its deposit or cashing.
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Select the information that is NOT included when writing a check.
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Technology has made banking transactions easier and faster by means of:
(Select all that apply)
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In a check, the routing number identifies the ____________, and the account number identifies the ____________.
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In this check, the number 243 in the lower left corner is the:
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A checkbook register is used to record ____________.
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The initial balance in a checking account is $ 2,500. After paying a bill for $ 150, depositing a check for $ 200, withdrawing $ 70 using an ATM, transferring $ 1,000 to a savings account, and receiving a direct deposit for $ 1,020, what is the final balance in that checking account ?
Flag this QuestionQuestion 95 pts
Select all the pros that apply to the use of debit cards.
Flag this QuestionQuestion 105 pts
When writing a check, make sure NOT to ____________.
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The present value of an investment is $ 20,000 and the interest earned is $ 575.
What is the future value of the investment ?
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An investment of $ 40,000 earns simple interest at a rate of 7 % for 5 years.
Find the total interest earned.
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is used to calculate the ____________.
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The present value of an investment is ____________.
The future value of an investment is ____________.
Flag this QuestionQuestion 155 pts
In the formula
the variable n represents ____________.
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A 10 year investment of $ 45,000, earning at a rate of 8 %, compounded monthly, has a future value of ____________.
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How much do you need to invest today, for the investment to grow to $ 20,000 in 5 years, if the APR is 4 %, compounded daily ?
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What is the monthly payment for a car loan of $ 32,000 and an APR of 5 % for 4 years ?
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An investment of $ 7,000 pays an interest of 8 %, compounded continuously for 12 years.
How much is in the account at the end of the investment ?
Flag this QuestionQuestion 205 pts
Using the Rule of 70, estimate how long it takes for an investment to double if the APR is 5 %.
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