To be fair, I think many people would struggle with #4, college or not. The first 3 are simple math and a dash of critical thinking. 4 is more difficult because it does not take intelligence to know what it means but rather recall of a term and the experience of having used it. If you get the first three right, you are good. If you miss 4, don't beat beat yourself up, look it up after though because it is a function of loan repayment you should know if you have loans. Unpaid interest can be added to the principle amount, which increases future interest.
Back when I saved the Roman Republic, an ounce of gold bought you an embroidered toga, a finely woven tunic, and a pair of the best sandals. Today, an ounce of gold will buy you a tailored men's suit, a top-of-the-line hat and a pair of Italian leather shoes. Gold, and silver, do not change.
The first three are ridiculously easy and the fourth is impossible unless you are already acquainted with finance-speak. I suspect this is on purpose so that they could write articles of this very sort, leading to the creation of "educational" fiefdoms in the bureaucracy of Sallie Mae. Even if you know finance-speak, the interest they describe in "C" ends up being capitalized, so it's even confusing for those of us who understand capitalized interest.
$110.41, and you better round up that penny, bank.
Joyce better get her butt down to CCSA (or her local equivalent) pronto, 'cus she's in major crap. (Note: Jane is probably paying no interest at all because most credit cards don't start charging interest on payments made in the zero month.)
Option 1 and that should be obvious. I ran through related exercises in what-was-it Grade 9 optional accounting or Grade 10 optional accounting. And I think it was also baked into Either CALM 20 or Math 20 in Grade 11 mandatory courses. These would be curricula Province of Alberta circa 1994.
"Interest capitalization" wtf? As far as I know, it's re-investing the interest earned so that the interest compounds, which happens naturally in a loan situation and is called "compound interest." I thought "interest capitalization" was more deliberate than that, e.g. taking the interest out of a savings account and investing it into a term deposit. Ima go with 'b' but this is not a very good question.
"According to Market Watch, 83% of college grads carry a credit card as revealed by Sallie Mae, but only about six in 10 say they pay the balance(s) in full and on time each month."
I'm a HS dropout. The first 3 are easy. 4 is a mystery to me even after looking it up ;Capitalized interest is the cost of borrowing to acquire or construct a long-term asset. I'd say A . The other 2 seem to be defaults. Since the definition does not mention a default A seems to be the best answer. In case I'm a financial moron lol 1 is B 2 is C 3 is A 4 is A . Feel free to correct me lol
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2019-09-Sa 04:09:34 pm
I'm a HS dropout. The first 3 are easy. 4 is a mystery to me even after looking it up ;Capitalized interest is the cost of borrowing to acquire or construct a long-term asset. I'd say A . The other 2 seem to be defaults. Since the definition does not mention a default A seems to be the best answer
I see that allot of folks struggled with question 4 and I think it has more to do with word play. 'Interest Capitalization' isn't something everyone talks about, but we really should know if we ever plan on taking out a loan.
$5 bet that “BS in Finance” graduate Occasional-Cortex doesn’t know the answers to ANY of those questions. Number 4 is not easy; it’s purposefully a ringer and the writer threw that bullshit in to intimidate readers. Nobody cares.
Money is a social construct. I identify all my 1 dollar bills as 50's
Honk! honk!
Edit History
Money is a social construct, all my 1 dollar bills identify as 50's
Honk! honk!
Money is a social construct, I identify all my 1 dollar bills as 50's
Honk! honk!
To be fair, I think many people would struggle with #4, college or not. The first 3 are simple math and a dash of critical thinking. 4 is more difficult because it does not take intelligence to know what it means but rather recall of a term and the experience of having used it. If you get the first three right, you are good. If you miss 4, don't beat beat yourself up, look it up after though because it is a function of loan repayment you should know if you have loans. Unpaid interest can be added to the principle amount, which increases future interest.
Back when I saved the Roman Republic, an ounce of gold bought you an embroidered toga, a finely woven tunic, and a pair of the best sandals. Today, an ounce of gold will buy you a tailored men's suit, a top-of-the-line hat and a pair of Italian leather shoes. Gold, and silver, do not change.
The first three are ridiculously easy and the fourth is impossible unless you are already acquainted with finance-speak. I suspect this is on purpose so that they could write articles of this very sort, leading to the creation of "educational" fiefdoms in the bureaucracy of Sallie Mae. Even if you know finance-speak, the interest they describe in "C" ends up being capitalized, so it's even confusing for those of us who understand capitalized interest.
$110.41, and you better round up that penny, bank.
Joyce better get her butt down to CCSA (or her local equivalent) pronto, 'cus she's in major crap. (Note: Jane is probably paying no interest at all because most credit cards don't start charging interest on payments made in the zero month.)
Option 1 and that should be obvious. I ran through related exercises in what-was-it Grade 9 optional accounting or Grade 10 optional accounting. And I think it was also baked into Either CALM 20 or Math 20 in Grade 11 mandatory courses. These would be curricula Province of Alberta circa 1994.
"Interest capitalization" wtf? As far as I know, it's re-investing the interest earned so that the interest compounds, which happens naturally in a loan situation and is called "compound interest." I thought "interest capitalization" was more deliberate than that, e.g. taking the interest out of a savings account and investing it into a term deposit. Ima go with 'b' but this is not a very good question.
"According to Market Watch, 83% of college grads carry a credit card as revealed by Sallie Mae, but only about six in 10 say they pay the balance(s) in full and on time each month."
Wow, that is far better than I expected.
I'm a HS dropout. The first 3 are easy. 4 is a mystery to me even after looking it up ;Capitalized interest is the cost of borrowing to acquire or construct a long-term asset. I'd say A . The other 2 seem to be defaults. Since the definition does not mention a default A seems to be the best answer. In case I'm a financial moron lol 1 is B 2 is C 3 is A 4 is A . Feel free to correct me lol
Edit History
I'm a HS dropout. The first 3 are easy. 4 is a mystery to me even after looking it up ;Capitalized interest is the cost of borrowing to acquire or construct a long-term asset. I'd say A . The other 2 seem to be defaults. Since the definition does not mention a default A seems to be the best answer
And it is because of this subversion: https://kutt.it/BigBangTheoryJudasBecomesUSA
I see that allot of folks struggled with question 4 and I think it has more to do with word play. 'Interest Capitalization' isn't something everyone talks about, but we really should know if we ever plan on taking out a loan.
$5 bet that “BS in Finance” graduate Occasional-Cortex doesn’t know the answers to ANY of those questions. Number 4 is not easy; it’s purposefully a ringer and the writer threw that bullshit in to intimidate readers. Nobody cares.
1.) What gender am I? 2.) What color should I dye my hair this week? 3.) Is that a genital wart? 4.) Who will win the 2020 election?