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Match the following terms with their definitions. 1 2. 4. 01 6. Cash price minus down payment Effective interest rate Sum of daily balance divided
Match the following terms with their definitions. 1 2. 4. 01 6. Cash price minus down payment Effective interest rate Sum of daily balance divided by number of days in billing cycle Loan from a credit card company Total of all monthly payments plus down payment Initial cash payment Total of all monthly payments minus amount financed A payment process A revolving charge account Purchase until maximum credit reached Doesn't dictate interest rates 7. 8. 9. 10. 11. Match the following terms with their definitions. 1 2. 4. 01 6. Cash price minus down payment Effective interest rate Sum of daily balance divided by number of days in billing cycle Loan from a credit card company Total of all monthly payments plus down payment Initial cash payment Total of all monthly payments minus amount financed A payment process A revolving charge account Purchase until maximum credit reached Doesn't dictate interest rates 7. 8. 9. 10. 11
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