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Dave Ramsey: Chapter 4| Questions Solved with Verified Correct Answers | Latest Update
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Dave Ramsey: Chapter 4| Questions Solved with Verified Correct Answers | Latest Update
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Dave Ramsey: Chapter 4| QuestionsSolved with Verified Correct Answers |
Latest Update 2024-2025
Forbes 400 secret to building wealth - ANSWER stay debt free
A yearly fee that's charged by the credit card company for the convenience of
the credit card. - ANSWER Annual fee
Cost of borrowing money on an annual basis; takes into account the interest
rate and other related fees on a loan. - ANSWER Annual percentage rate (APR)
Type of card issued by a bank that allows users to finance a purchase - ANSWER
Credit Card
, A detailed report of an individual's credit history - ANSWER Credit report
A measure of an individual's credit risk; calculated from a credit report using
a standardized formula - ANSWER Credit score
Preferred method of debt repayment; includes a list of all debts organized from
smallest to largest balance; minimum payments are made to all debts except for
the smallest, which is attacked with the largest possible payments - ANSWER
Debt Snowball
A decrease or loss in value - ANSWER Depreciation
An interest rate charged to a customer during the early stages of a loan; the rate
often goes up after a specified period of time. - ANSWER Introductory rate
Time frame that a loan agreement is in force, and before or at the end of
which the loan should either be repaid or renegotiated for another term. -
ANSWER Loan term
An expense, such as a charitable contribution, that can be deducted from
one's taxable income. - ANSWER Tax deduction
______ of Americans are living paycheck to paycheck - ANSWER 70%
If you tell a _____ long enough it becomes an accepted _____ - ANSWER myth;
truth
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