Exam (elaborations)
Dave Ramsey: Chapter 4| Questions Solved with Verified Correct Answers | Latest Update
- Course
- Institution
Dave Ramsey: Chapter 4| Questions Solved with Verified Correct Answers | Latest Update
[Show more]
Seller
Follow
Content preview
Dave Ramsey: Chapter 4| QuestionsSolved with Verified Correct Answers |
Latest Update 2024-2025
Forbes 400 secret to building wealth - ANSWER stay debt free
A yearly fee that's charged by the credit card company for the convenience of
the credit card. - ANSWER Annual fee
Cost of borrowing money on an annual basis; takes into account the interest
rate and other related fees on a loan. - ANSWER Annual percentage rate (APR)
Type of card issued by a bank that allows users to finance a purchase - ANSWER
Credit Card
, A detailed report of an individual's credit history - ANSWER Credit report
A measure of an individual's credit risk; calculated from a credit report using
a standardized formula - ANSWER Credit score
Preferred method of debt repayment; includes a list of all debts organized from
smallest to largest balance; minimum payments are made to all debts except for
the smallest, which is attacked with the largest possible payments - ANSWER
Debt Snowball
A decrease or loss in value - ANSWER Depreciation
An interest rate charged to a customer during the early stages of a loan; the rate
often goes up after a specified period of time. - ANSWER Introductory rate
Time frame that a loan agreement is in force, and before or at the end of
which the loan should either be repaid or renegotiated for another term. -
ANSWER Loan term
An expense, such as a charitable contribution, that can be deducted from
one's taxable income. - ANSWER Tax deduction
______ of Americans are living paycheck to paycheck - ANSWER 70%
If you tell a _____ long enough it becomes an accepted _____ - ANSWER myth;
truth
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller KenAli. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.79. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
74735 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now