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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)

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

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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)

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

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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)

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

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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)

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

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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)

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

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