Final Exam Study Guide Answer Section
... 33. With _________________________, your checking account information is available to you from your home
computer 24 hours a day.
34. The ____________________ is the party who wrote the check and is paying the money.
35. When you deposit a check, write _________________________ as part of the endors ...
Personal Financial Planner Preface
... Since this publication is designed to adapt to every personal financial situation, some of
the sheets may be appropriate for you at this time, and not at other times in your life.
Each of the sheets in the first 11 sections is referenced to specific page numbers of
Personal Finance, Seventh Edition, ...
Redline2011-00370 - Colorado Secretary of State
... term, plus any required escrow payments. The minimum payment option can be less than
the interest accruing on the loan, resulting in negative amortization. After a specified number
of years, or if the loan reaches a certain negative amortization cap, the required monthly
payment amount is recast to ...
Eight Steps to Your New Front Door
... Note: A legal document that obligates
a borrower to repay a mortgage loan at
a stated interest rate during a specified
period of time.
Origination Fee: A fee paid to a lender
for processing a loan application.
Prepayment Penalty: A fee that may
be charged to a borrower who pays off a
loan before it ...
Personal Financial Decision
... Prioritize personal financial goals.
Evaluate the results of a financial decision.
Set measurable short‐, medium‐, and long‐
term financial goals.
Use a financial or online calculator to
determine the cost of achieving a short‐,
medium‐, and long‐term goal.
Apply systematic decision making to ...
Retirement Plans Comparison - Human Resources
... Alternatively, participant may select from one of
following payment options that may not provide
benefits for the rest of participant’s life:
Partial Lump Sum Distribution
Level Income Alternative
Optional Premium Benefit Program
The following distribution options are available
upon separation ...
Better Retirement Exit Strategies with Life Insurance
... incurred for the cost of care. Life insurance policies contain
exclusions, limitations, reduction of benefits and terms for
keeping them in force. Accessing cash values may result in
surrender fees and charges, may require additional premium
payments to maintain coverage, and will reduce the death
SIMPLE INTEREST VS COMPOUND INTEREST
... a) Carlene wants to borrow $7 000 for five years. Compare the growth of this loan at 7% per
year, simple interest, to the same loan at 7% per year, compounded annually.
CSS Slideshow for 1997-98 Counselor Workshops
... • You will receive maximum Stafford funds each year, unless
you cancel or decline a portion of the loan
• DISCLOSURE STATEMENT
• Received at first disbursement of each loan under the MPN
Sample Title Slide
... $500k 20 Yr Term Rider (John)
$500k 20 Yr Term Rider (Cindy)
Life Enhance Accelerated Benefit Rider on John
$10k Child Income Rider
Personal Finance Scope and Sequence Unit: Financial Planning
... Outline the types of accounts and their features typically offered
Describe the difference between an ATM and a Debit card
Write a check
Endorse a check
Reconcile a checkbook
Calculate the future value of an account at a given interest rate,
compounding period and term.
Demonstrate mathemat ...
- Seckman High School
... which the borrower pledges property of
value as security.
• This property is called collateral.
• If borrowers do not have collateral, they
may use a cosigner.
Drought 2012: Cash Flow Considerations ,
... The situation could call for adjusting the operation in greater ways. For example selling older breeding
livestock and keeping younger stock may be a way to generate cash today and reduce the need for
finding feed in the year ahead. However, remember that any changes, big or small, will likely chang ...
2008 Kentucky General Assembly Priority Legislation
... In Kentucky, the cost of a nursing home today is about $55, 480 annually, or about $152
In 2006, KY spent 71% ($862.8 million) of its total long-term care on institutional
expenditures and 29% ($356.6 million) on community expenditures.
The cost of long-term care insurance is on the rise. Mos ...
Consumer Loan Scavenger Hunt
... mortgages because they are so
straightforward, these loans’
interest rates remain the same
throughout the term of the loan.
You can possibly confront
opportunity costs because if
interest rates drop, you could have
gotten a better deal with an ARM.
Exit Counseling Claflin University
... Example : $150,000 debt at 6.8%
• Standard repayment: $1726.20
monthly for 120 payments
• Extended repayment:
– Fixed Payments: $694.07 monthly for
– Graduated Payments: Start at $566.67
and increase every two years to a
maximum of $991.50 for 300 payments
Chapter 22 Monetary Policy Strategy
... Since have time lags between policy action and its effect on the ultimate goals, if the
ultimate goals are the only index watched, it is usually too late to make corrective actions if
the desired outcome is not being achieved. Therefore, the Fed watched operating targets.
Operating target is closer ...
Jumpstart Financial Literacy
... The purpose of the tax form W-4 is:
a) A form used to file annual income tax returns
b) A form that reports an employee's annual
wages and the amount of taxes withheld from
his or her paycheck.
c) A form used by your employer to withhold the
proper amount of federal income tax from your
... Family coverage includes the insured; spouse; and dependent,
unmarried children under age 19 (or 23 if they are enrolled as fulltime students). Newborns are automatically covered under the
terms of the policy from the moment of birth. One-parent family
coverage includes the insured and all of the in ...
CENTER FOR ORAL MEDICINE MEDICAL HISTORY/HEALTH
... All co-payments required by your insurance company are due at the time of service, and will be collected at time of check in before you see the doctor. Please provide a copy of your medical insurance card prior to each visit
especially if you have a change in insurance companies.
A monthly statement ...
Personal Financial Literacy - Warren Hills Regional School District
... • A down payment of 10 to 20 percent of the
purchase price is often required.
• Property is used as collateral for the loan.
• A conventional loan lasts up to 30 years.
• Closing costs are expenses paid to get a loan,
such as appraisal fees and credit report fees.
• Advantages: independence, privacy ...
Which Type of Insurance is Best for You? ( 97k)
... future income upon the death of the insured person. The death benefit for term
life insurance is only paid out if the insured person dies during the period the
policy is valid, which may be defined in years (e.g., 1, 5, 10 or 20 years) or set
to a specific age (e.g., up to the age of 65). The insura ...
Universal life insurance
Universal life insurance (often shortened to UL) is a type of permanent life insurance, primarily in the United States of America. Under the terms of the policy, the excess of premium payments above the current cost of insurance is credited to the cash value of the policy. The cash value is credited each month with interest, and the policy is debited each month by a cost of insurance (COI) charge, as well as any other policy charges and fees which are drawn from the cash value, even if no premium payment is made that month. Interest credited to the account is determined by the insurer, but has a contractual minimum rate (often 2%). When an earnings rate is pegged to a financial index such as a stock, bond or other interest rate index, the policy is an ""Indexed Universal Life"" contract. These types of policies offer the advantage of guaranteed level premiums throughout the insured's lifetime at substantially lower premium cost than an equivalent whole life policy. This not only allows for easy comparison of costs between carriers, but also works well in irrevocable life insurance trusts (ILIT's) since cash is of no consequence.