Question not found

Not a good answer? Get an answer now. (Free)

Rating

There are no new answers.

Which of the following is another term for a checking account?
A.
A demand deposit
B.
A Habeas Corpus
C.
A loan amortization
D.
A savings plan
**Weegy:** The answer is A. Checking account is also called demand deposit. (More)

Question

Expert Answered

Asked 10/10/2012 3:26:50 PM

0 Answers/Comments

The check register and bank balances are the same, but the subtotals are different. Why is this okay?
A.
Deposits may be entered as checks and vice versa.
B.
Groups of identical transactions may be entered in different orders.
C.
Transpositions and decimal shifting causes differences, but doesn’t affect your ending balance.
D.
Transactions may be entered in any column but will always end up with the same balance.
**Weegy:** C. Transpositions and decimal shifting causes differences, but doesn’t affect your ending balance. (More)

Question

Expert Answered

Asked 10/11/2012 1:23:08 PM

0 Answers/Comments

What are three things that need to be known in order to find the total cost of a loan?
A.
The blue book value, the miles per gallon, and the price of gasoline
B.
Your credit rating, the day of the month the payments are due, and when you start paying
C.
The interest rate, monthly payment, and number of payments
D.
The loan officer’s name, the default procedure, and the finance company’s phone number
**Weegy:** B,C and D (More)

Question

Expert Answered

Asked 10/15/2012 2:09:32 PM

0 Answers/Comments

Use B = P(1 + r)n to find the balance owed on a house, where P is $77,000, r is 0.004, and n = 5 and n = 10?
A.
$7,513.61 and $13,399.07
B.
$42,978.45 and $67,222.38
C.
$78,552.37 and $80,136.04
D.
$145,000.99 and $238,822.77
**Weegy:** The answer is A, $7,513.61 and $13, 399.07 (More)

Question

Expert Answered

Asked 10/15/2012 3:52:39 PM

0 Answers/Comments

I = Prt is the formula for simple interest. The principal is $6,500, the interest rate is 4.25%, and the time is three years. What is the interest charge?
A.
$778.45
B.
$827.25
C.
$828.75
D.
$908.50
**Weegy:** Calculation:
First, converting r percent to a decimal
r = 4.25/100 = 0.0425, then
I = 6500 × 0.0425 × 3 = 828.75
I = $ 828.75
The simple interest accumulated
on a principal of $ 6,500.00
at a rate of 4.25% per year for 3 years
is $ 828.75. (More)

Question

Expert Answered

Asked 10/16/2012 1:08:07 PM

0 Answers/Comments

27,235,660 questions answered

There are no comments.