Match the following terms with their definitions 1 Cash

Last updated: 10/23/2023

Match the following terms with their definitions 1 Cash price minus down payment 2 A revolving charge account 3 Used to calculate rebate of finance charge 4 Total of all monthly payments plus down payment 5 Sum of daily balance divided by number of days in billing cycle 6 Total of all payments minus amount financed 7 A payment process 8 Doesn t dictate interest rates 9 Initial cash payment 10 Effective interest rate 11 Used in calculation of average daily balance 12 Purchase till maximum credit reached Amortization Amount financed APR Average daily balance