When yоu listen tо а cоnversаtion or song on the rаdio, or watch a television show, you are using ________ to hold onto and think about new information coming in from the sensory registers.
Cоnsider а bаsic sаvings accоunt, a mоney market account (MMA) and a CD account. a) Discuss one similarity of all three accounts. b) Discuss one way in which a CD differs from an MMA. 2. Find the equation of the line that passes through (1 , 7) and (2, 19). 3. Discuss with reasoning, why or why not? a) When it makes sense to make a balance transfer. b) When it does not make sense to make a balance transfer. 4. Suppose there is $3,000 in a person's account after 2 years. Assuming simple interest, how much was deposited into the account of the interest rate was 2%? 5. How long would you have to invest $9,200 for it to grow to $14,250, assuming an APR (annual percent rate) of 7.2% and assuming quarterly compounding? 6. Assume that your initial savings investment has grown from $8,800 to $10,000 in a matter of 5 years, 6 months. What interest rate was in effect, assuming monthly compounding? 7. Explain what do the following categories mean in relation to one's credit score: a) New credit b) Credit Utilization 8. John wishes to pay off his Visa card balance of $3,100 in 4 years, 3 months. If his interest rate is 13%, determine how much he would have paid in total interest by the time the balance is paid off. 9. If compounding is daily, what was the interest rate if Dong-Sun's account tripled over the course of 10 years? 10. Khyshmah's Discover it balance had grown to $5,206. If her interest rate is 22.2%, determine how much interest she pays back if the balance is paid off in 4 years. EXTRA CREDIT Margot has a Master Card balance of $3,789, which she hopes to pay back in 3 years at an interest rate of 24.%. She also has a balance from her student loans valuing $2,247.15 at an interest rate of 3.76% that she also hopes to pay back in 3 years. She is considering consolidating all of her loans to the company called The Lending Club, which has an origination fee of 1.086%. once funds are consolidated, the interest rate she is offered is 19.6%. Determine if it is worth it for Sally to consolidate her loans to The Lending Club, assuming she would also pay back this consolidated loan balance in 3 years. Good luck!