Question 17 points) Match each term on the left with its correct definition on the right
Column A
Credit
2
Interest
3
Term
Repayment
Columns
a. Short-term, high-interest loans
b. Money borrowed with the expectation of future
repayment
The length of a loan
d. The act of repaying a loan, including any interest and fees
e issued by a bank or company, usually with a credit limit
f. The smallest amount a consumer should pay each month
In order to avoid fees and maintain good credit history
& The charge for the privilege of borrowing money
5
Minimum payment
6
Easy access loans
Credit cards

y=mx+b

step-by-step explanation:

m slope, b y-intercept

85.560%

step-by-step explanation:

conditional probability is defined as:

p(a|b) = p(a∩b) / p(b)

in other words, the probability that a occurs, given that b has occurred = the probability that both a and b occur / the probability that b occurs.

in this example:

p(turns 64 | turns 44) = p(turns 64 & turns 44) / p(turns 44).

if someone turns 64, they must have already turned 44, so:

p(turns 64 | turns 44) = p(turns 64) / p(turns 44)

on page 42, we see that of the original 100,000, 94944 turn 44, and 81234 turn 64.   therefore:

p(turns 64 | turns 44) = 81234 / 94944

p(turns 64 | turns 44) = 0.85560