Match the following terms with their definitions. 10 1. Cash price minus down payment Arevolving charge account Used to calculate rebate of finance charge 2. 3 eBook 4. Total of all monthly payments plus down payment Sum of daily balance divided by number of days in billing cycle 5 Total of all payments minus amount financed A payment process 6 7 Doesn't dictate interest rates 8. Initial cash payment 9 10. Effective interest rate 11 Used in calculation of average daily balance 12. Purchase till maximum credit reached Match the following terms with their definitions Cash price minus down payment 1 Amount financed Book 2. A revolving charge account Used to calculate rebate of finance charge 3. Amortization Total of all monthly payments plus down payment Sum of daily balance divided by number of days in billing cycle 4. 5 Amount financed 6. Total of all payments minus amount financed Apayment process APR 7 Average daily balance Doesn't dictate interest rates 8. Cash advance Initial cash payment Efective interest rate 10 Used in calculation of average daily balance 11 12 Purchase till maximum credit reached Match the following terms with their definitions Amount financed Cash price minus down payment 1. A revolving charge account 2. Used to calculate rebate of finance charge Total of all monthly payments plus down payment Sum of daily balance divided by number of days in billing cycle 3 Deferred payment 4 Down payment 5 Total of all payments minus amount financed 6 Finance charge Apayment process 7 Open-end credit Doesn't dictate interest rates 8 Revolving charge Initial cash payment 10 Effective interest rate Used in calculation of average daily balance 11. 12. Purchase till maximum credit reached Next 10 of 10 Prev Match the following terms with their definitions Cash price minus down payment 1. Amount financed 2. A revolving charge account Used to calculate rebate of finance charge 3. Total of all monthly payments plus down payment 4 Finance charge 5 Sum of daily balance divided by number of days in billing cycle Open-end credit 6 Total of all payments minus amount financed Revolving charge 7 A payment process Rule of 78 8 Doesn't dictate interest rates Truth in lending act Initial cash payment Effective interest rate 10 Used in calculation of average daily balance 11 Purchase till maximum credit reached 12 Match the following terms with their definitions. 10 1. Cash price minus down payment Arevolving charge account Used to calculate rebate of finance charge 2. 3 eBook 4. Total of all monthly payments plus down payment Sum of daily balance divided by number of days in billing cycle 5 Total of all payments minus amount financed A payment process 6 7 Doesn't dictate interest rates 8. Initial cash payment 9 10. Effective interest rate 11 Used in calculation of average daily balance 12. Purchase till maximum credit reached Match the following terms with their definitions Cash price minus down payment 1 Amount financed Book 2. A revolving charge account Used to calculate rebate of finance charge 3. Amortization Total of all monthly payments plus down payment Sum of daily balance divided by number of days in billing cycle 4. 5 Amount financed 6. Total of all payments minus amount financed Apayment process APR 7 Average daily balance Doesn't dictate interest rates 8. Cash advance Initial cash payment Efective interest rate 10 Used in calculation of average daily balance 11 12 Purchase till maximum credit reached Match the following terms with their definitions Amount financed Cash price minus down payment 1. A revolving charge account 2. Used to calculate rebate of finance charge Total of all monthly payments plus down payment Sum of daily balance divided by number of days in billing cycle 3 Deferred payment 4 Down payment 5 Total of all payments minus amount financed 6 Finance charge Apayment process 7 Open-end credit Doesn't dictate interest rates 8 Revolving charge Initial cash payment 10 Effective interest rate Used in calculation of average daily balance 11. 12. Purchase till maximum credit reached Next 10 of 10 Prev Match the following terms with their definitions Cash price minus down payment 1. Amount financed 2. A revolving charge account Used to calculate rebate of finance charge 3. Total of all monthly payments plus down payment 4 Finance charge 5 Sum of daily balance divided by number of days in billing cycle Open-end credit 6 Total of all payments minus amount financed Revolving charge 7 A payment process Rule of 78 8 Doesn't dictate interest rates Truth in lending act Initial cash payment Effective interest rate 10 Used in calculation of average daily balance 11 Purchase till maximum credit reached 12