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Financial Literacy
Page 5
Questions (315)
Brinkley decided that she was going to go to a culinary school, which was going to cost a total of $23,250 for 4 years. She
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asked by
silent
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What are two good reasons to save your money:
(2 points) Responses to buy something expensive to have in case of an emergency
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Blake Hamilton has money in a savings account that earns an annual interest rate of 2%, compounded monthly. What is the APY (in
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maths
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Which of the following statements are true? Select the two correct answers. (1 point) Responses A credit card from a bank is
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Find the simple interest on 600.00 which was saved for 8 months at 5% per annum
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Explain how an awareness of your values and cognitive biases may help you make better financial decisions.
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What did James plan to do with the money he received from Mr. Flegenheimer?
A. Fix up the "Empress of the East" B. buy the
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Rick deposits $1,000 into an investment account which earn4% interest annually. Sally loans $1,000 to a friend, and the friend
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Round any decimals to the nearest penny.
Your fixed expenses are $834.02/month. You save 5 months' worth in an emergency fund
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Jacob opened an account with a deposit of $2,500.
The account earned annual simple interest of 3.5% He did not make any
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silent
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An employee deposits $6,000.00 in a retirement account that offers 3% interest compounded annually. The employee makes no
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silent
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Eva is saving money for a vacation. She plans to save a fixed amount of money each month. Her initial deposit into the account
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Desiree wants to move into a new apartment. Suppose her monthly income is $4,500. To be able to rent, Desiree’s monthly income
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Have you ever written down a budget for yourself? A budget has a lot in common with an income statement. While the income
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Ekta is meeting with the Royal Bank (RBC) to go over her ratios as she has applied for a loan.
Description Fair Market Value
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Which statement is a fair comparison of the advantages and disadvantages of paper versus digital financial records? (1 point)
A)
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Jaya deposits $820 every month into an account earning an annual interest rate of 5.7% compounded monthly. How much would she
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To gain an understanding of your personal finances, you should know . . .
Group of answer choices Your investment portfolio and
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What is a way to stay accountable to reaching your financial goals?
Group of answer choices Hiring a financial advisor to make
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What does living paycheck to paycheck mean?
Living paycheck to paycheck occurs when a person’s income is devoted to expenses,
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Mel is buying a scooter priced at $7879.00. She can lease the scooter for $198.80 monthly for 4 years with a residual value of
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It takes 10 years for a $100 monthly bank deposit to amount to $15,528.23 when invested at 5% interest compounded monthly. Round
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_behindyou_
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Review your results on previous assessments in this unit.
Make flashcards to test yourself on financial vocabulary words and
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When people need money to pay for housing, food, and clothes, what do they look for? A wealthy relative. A job. A lottery
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Juanita is saving up to buy a new truck. She wants to put $4000 down and borrow the rest. That down payment will lower the
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Explain the differences in how a 401k, a Roth IRA, and a traditional IRA are taxed.(1 point) Responses A 401k is taxed when the
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Indiana Thier
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Round to the nearest penny.
You owe $1,032.56 on a credit card with an 11.25% APR. The minimum due is $150.00. What is the
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Use the essay to answer the question. "If you are never given a bike, then how can you learn to ride one? The same goes for
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asked by
blox fruit
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Write an inspirational message about everyone should have a biblical balance sheet in their life. End with a conclusion
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What does it mean to develop power over purchase?
You have power to purchase whatever you want, and you do so. You are able to
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Another term for adding money to an account is _____ .
(1 point) Responses additional submission contribute payment
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A student has -35 dollars in their bank account. They earn some money and are able to deposit it into their account.how much
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Which is an example of a variable expense?
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Match each item with the correct definition.
the words are, credit limit, credit score, credit check, approval, and debt A. the
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asked by
nobody
36 views
Round any decimals to the nearest penny.
You invest $2,000.00 in a stock plan and another $2,000.00 in a savings account. The
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Which of the following is an example of an investment scam?
- A scammer sends an e-mail pretending to be from the IRS so that the
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Now that you know why good credit is so important, it is time to discover how to establish and maintain it. Use the internet to
2 answers
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Which statement describes an advantage and a disadvantage of using cash versus a debit card to make a purchase? (1 point)
Respons
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aaagtuygy
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2. What are 2 important life lessons you learned from this budgeting assignment?
Through this assignment, I have learned that I
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3. When considering your future needs and wants in life after high school, what are two strategies you could use to be smart
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Use the essay to answer the question.
"If you are never given a bike, then how can you learn to ride one? The same goes for
1 answer
asked by
shadow's cooking show
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What is The Fourth Foundation?
a Build wealth and give. b Save a $500 emergency fund. c Pay cash for your car. d Pay cash for
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asked anonymously
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Now that you know why good credit is so important, it is time to discover how to establish and maintain it. Use the internet to
1 answer
asked anonymously
10 views
Use the essay to answer the question.
"If you are never given a bike, then how can you learn to ride one? The same goes for
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asked by
dale
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using the following vocabulary words on your own sheet of paper write a two pargraph story
using these word void endors balance
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Read each question carefully. Choose the answer that best completes the sentence.
All of the following are good financial savings
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donal
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For questions 3–4, you will be answering by filling in the blanks. Please be aware that your answer must include any commas or
3 answers
asked by
donal
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Use the sentences to complete the activity.
To reach her goal of buying a new bike, Marsha will need to save $10 each week. To
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asked by
anon
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6.01 semester test, life skills, part one
You can save money by Shopping locally Buying high quantities of perishable food Buying
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3. Divide the actual amount of money you will receive in a year by 12 in order to calculate the amount you'll receive each
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Parent Categories (13)
Academics
Career Development
Economics
Economics and Personal Finance
Education
Finance
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Mathematics
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