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1. Fill in the blanks in the statements below with the following terms. Not all terms will be used and some may be repeated. Commission Total Cost Principal Monthly Interest Escrow Annuity Payment Rate Component QED ADB APR Capital Gains Dividends Stock Exchange Private Corporation Public Corporation 28% 30% 32% 36% Billing Period (in Months) Billing Period (in Years) Private Mortgage Insurance (PMI) Gross Monthly Income Net Monthly Income Gross Annual Income Net Annual Outcome (a) (2 pts) Stockholders earn money through ply having the stock, and also through stock value. S -, which is earned through sim- , or profit from an increase in for a credit card transaction may consist of a flat amount and/or (b) [1 pt) a rate component. (c) (3 pts) Credit card interest is calculated by multiplying and together. (a) (5 pts) The total monthly payment on a mortgage consists of three components, which are: and One of these, consists of monthly taxes and monthly insurance. Another one of these does not apply if the homeowner's equity is above 22%. (e) (1 pt) To compare two credit cards, we use the formula, which combines the annual interest and annual fee and subtracts annual rewards. D 3 pts To qualify for a mortgage, a homeowner's total monthly payments must be less than of the homeowner's . In addition, the total monthly payments must also be less than of this plus other outstanding debts

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