Math of Personal Finance Banking and Loans

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