Math of Personal Finance Banking and Loans

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