1. How much interest would you pay on a vehicle loan of $50,000 with an interest rate of 2.5% and a loan period of 5 years (60 Months)?
2.What are the three major Credit Rating institutes and why are the ratings different?
3. What do experts say are the ranges of the different classifications of credit scores (start with excellent and work down to Lousy? (Cite this from an expert resource)
4. What major factors affect credit rating scores?
5. What are the 5Cs and on a scale of 1 – 10, how do you think you currently rate on each one?
6. What does Dave Ramsey say is the most important rule to follow when making a Major Purchase?
7. What are the five major types of Mortgages and what factors sets each apart from the other?
8. Under what circumstances may it be advantageous for an individual to lease a car?
9. What advantages are there to buying a new car versus buying a used car?
10. Approximately how much does a new car depreciate when first driven off the car lot (Cite this from an expert resource)?
11. What disadvantages do you see to buying a used vehicle?
12. What do experts say (Cite this) regarding how much house you can afford to purchase?
13. What is Landlord Insurance and why is it important to have if you rent out property?
14. What is a REIT and what are its advantages?
15. What are the three major classifications (types) of Life Insurance and how do they differ?
16. What are the three types of generally mandatory minimum vehicle insurance in your home state and what are those minimums?
17. What is an HSA and how do they save you money?
18. What are some of the optional vehicle insurance coverages available in your state and what do they protect against?
19. What are the Personal Factors that affect vehicle insurance rates?
20. Choose two of the following Retirement plans and explain how they differ: an employer supported IRA, a 401k, a Roth IRA, a SEP IRA, or a 403b
21. What (specifically) does a Last Will and Testimony stipulate?
22. When do you plan on retiring and what do the experts say you should have saved in order to live the lifestyle you would prefer?
23. Explain Excise Taxes and whether you pay any?
24. What entity levies a Property Tax and on what assets do property taxes generally apply?
25. Explain what the colonists were claiming when they used the rallying cry “No Taxation without Representation”?
