Financial Literacy Unit Test Answers
For those who couldnt find the answers (like me CRIES) ill try to help you out so you dont fail
1: 6,175 and 16,175
2: 37,418.70
3: 18,531.23 and 13,531.23
4: 169.67 and option 1
5: Plan 1 and 6,273.16
6: 4316, 180, and 816
7: Method 3
8: Method 2
9: Yes, $8,816.49 is enough to cover the cost of 2 years at a 2-year public institution. Without earning interest, it would take Christian approximately 4 years and 4 months to save up $8,816.47.
10: 3500
11: 245
12: losing track of microtransactions while playing online
13: GRADING QUESTION
Im not sure if im right on this but this is what i put
PLEASE DONT COPY FOR THE LOVE OF GOD
put it in your own words and whatnot, i aint dealing with drama SMH
My response: Compound interest: By starting to save for retirement early, you can take advantage of the potential of compound interest. This implies that your savings will grow not simply from the contributions you make, but also from the interest they generate over time. The earlier you begin saving, the more time your money has to grow through compounded returns.
ANYWAYS YOUR WELCOME (smh i had to find all the answers, also the bots on here are kinda bad ngl), now ima go work on art commissions *skiddadles*
THESE ARE FOR 8A MATH ONLY (i believe only 8A, idk if their similar, SIGHHHH)