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Oakwood Life August 2012 Article Answers


Here are the answers to our Financial Fitness artice "Interest, Payments, and Debt, Oh My!" in the August 2012 Oakwood Life magazine.
 
1) b - 45 days
2) b - 21 days
3) c - must apply the excess to the part of the balance with the highest interest rate
4) b - before you open the account
5) d - They are required to make credit contracts accessible online
6) c - They may deter overspending because your available funds are immediately reduced by the amount of your purchase.
 
Thanks for checking your answers!  Please call us at (937) 432-1111 with any further questions. 
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