Math of Personal Finance Banking and Loans

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Across
  1. 1. Organization that guarantees the safety of money in a bank by insuring each depositor for up to a specified amount.
  2. 4. Everything you own
  3. 5. A score that ranges from 300 to 850.
  4. 6. Interest compounded once each year
  5. 10. 6.85% for a person living in Salt Lake City, UT.
  6. 12. An account in which the bank pays interest for the use of money deposited in the account.
  7. 17. A loan not backed by collateral.
  8. 18. The price that appears on the window of a new car.
  9. 21. Organizations that extend loans.
  10. 22. The receiver of the transferred funds.
  11. 23. A rating that is derived from how much you owe, what your history of paying off loans is and whether you can be relied on to pay off loans.
  12. 25. A loan guaranteed by collateral.
  13. 27. Method of obtaining a car by only paying for a portion of the cost of a car. You must return the car when agreement is complete.
  14. 28. People who use credit
  15. 29. What you initially pay toward the purchase price of the car.
Down
  1. 2. Money earned on the money deposited plus previous interest
  2. 3. An account at a bank that allows a customer to deposit money, make withdrawals, and make transfers from the funds on deposit.
  3. 7. The interest rate calculated as an annual rate; it's the interest rate multiplied by the number of periods in a year.
  4. 8. A promise to pay in the future for good and services purchased today.
  5. 9. A person who agrees to payback the loan if the borrower is unable to do so.
  6. 11. Using the internet to manage your bank account without having to enter a branch.
  7. 13. The annual rate of interest that takes into account the effect of compounding.
  8. 14. Manufacturer's Suggested Retail Price
  9. 15. Money that you borrow.
  10. 16. A written order used to tell a bank to pay money from an account to the check holder.
  11. 19. Cash sum required before you lease a car to safeguard dealerships.
  12. 20. The time if will take you to pay off the loan, unless you decide to pay it off early.
  13. 24. A card that gives you instant access to money even if you do not have the money available.
  14. 26. Completed by the payee; either through writing, by stamp, or electronically.