Ashley saved $5,000 for a down payment on a new car. If she budgets $250 a month for a five-year loan at 4% APR, how much can she spend on a new car? (Round to the nearest whole number). a. $18,575 b. $13,575 c. $20,000 d. $15,000 The federally regulated minimum payment on your credit card is: a. The amortized value of the outstanding balance. b. The amount of interest and fees due on the account for the period plus one percent of the outstanding balance. c. The monthly interest due on the account for the period and one percent of the outstanding balance. d. Just the monthly interest due on the account for the period. Which would not be considered an open-end credit? a. Home equity line of credit b. Credit card c. Home mortgage d. Department store credit account The principle of paying yourself first means that you should: a. Set aside the money necessary for achieving personal goals before you spend money on non-essentials during the month. b. Pay your non-essential bills prior to setting aside money necessary for achieving personal goals during the month. c. Pay your bills prior to setting aside money necessary for achieving personal goals during the month. d. Set aside the money necessary for achieving personal goals after you spend money on non-essentials during the month. A balloon loan is a type of ____ that requires full repayment at a date much earlier than the amortization payment maturity. a. Revolving credit b. Line of credit c. Interest-only loan d. Installment lo