Math of Personal Finance Banking and Loans

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