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Newest Personal Finance Questions

1. Derek currently has $12,414.00 in an account that pays 6.00%. He will withdraw $5,510.00 every other year beginning next year
   1. 1 answer
   2. asked by 123
   3. 16 views
2. Victor will start paying off his credit card in January. He uses the function f(x)=−35x+2,500to model the amount of money he
   1. 1 answer
   2. asked by Lee Hooni 🖤
   3. 28 views
3. It is important to separate your business and personal finances as completely as possible.True False
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   2. 13 views
4. Question 1CAR FINANCING FOR LESS 2-YEAR TERM UP TO $40,000 6% COMPOUNDED ANNUALLY WITH A $500 UP-FRONT PAYMENT A) What part of
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   2. asked by m
   3. 17 views
5. Years Amount1 $1,080 2 $1,160 3 $1,240 The table shows the amount of money in a bank account after a certain number of years.
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   2. 13 views
6. Jesse buys his coworkers lunch from the local steakhouse. The food costs $105.79, and the sales tax rate is 9%. Jesse wants to
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   2. 12 views
7. Kiera wants to increase her savings account to a balance of $1,350. Her current balance is $174 and she adds $84 a month to her
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   2. 9 views
8. why is it important to know how much money you have in your bank account
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   2. 9 views
9. when creating a formula for balancing in a check book what do you subtract from the credits
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   2. 11 views
10. what column do you put the deposits in when you are balancing your checkbook
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    2. 14 views
11. A bank offers 9.00% on savings accounts. What is the effective annual rate if interest is compounded daily?
    1. 1 answer
    2. asked by 123
    3. 17 views
12. If Derek plans to deposit $11,118.00 into his retirement account on each birthday beginning with his 26th and the account earns
    1. 1 answer
    2. asked by 123
    3. 15 views
13. Derek can deposit $15,832.00 on each birthday beginning with his 29.00th and ending with his 68.00th. What will the rate on the
    1. 1 answer
    2. asked by 123
    3. 17 views
14. Derek can deposit $11,000 on each birthday beginning with his 26th and ending with his 65th. What will the rate on the
    1. 3 answers
    2. asked by 123
    3. 20 views
15. Use the table to answer the question. Assets Value Car $36,000 Computer $1,115 Savings account $27,844 Retirement savings
    1. 1 answer
    2. asked by star
    3. 12 views
16. Use the table to answer the question. Assets Value Car $36,000 Computer $1,115 Savings account $27,844 Retirement savings
    1. 1 answer
    2. asked by star
    3. 12 views
17. Your grandma gave you $100 toward buying a $700 computer. You put $600 on a credit card. You didn’t take any money out of your
    1. 1 answer
    2. asked by star
    3. 11 views
18. You have a house worth $227,500, a car worth $25,500, a savings of $15,450, and a retirement account worth $250,000. You also
    1. 1 answer
    2. asked by star
    3. 12 views
19. The total value of Mikhail’s assets is $37,428, and the total balance of his liabilities is $42,110. What is Mikhail’s net
    1. 1 answer
    2. asked by star
    3. 18 views
20. What are the components of a family budget?(1 point)
    1. 1 answer
    2. asked by star
    3. 18 views
21. Niket is creating a personal budget. He plans to save 20% of his income. If he has a monthly income of $3,500, how much money
    1. 1 answer
    2. asked by star
    3. 13 views
22. oday is Derek’s 25th birthday. Derek has been advised that he needs to have $3,816,699.00 in his retirement account the day he
    1. 1 answer
    2. asked by 123
    3. 13 views
23. For her birthday, Kendra received a gift card in the mail from her grandparents. The gift card was worth $50. Kendra thought,
    1. 1 answer
    2. 12 views
24. Use the table to answer the question. Assets Value Car $24,728 Savings account $3,589 Savings for retirement $15,600 Total
    1. 1 answer
    2. 11 views
25. Money saved grows through:Responses Taxes Taxes Revolving credit Revolving credit Amortization Amortization Compounding
    1. 1 answer
    2. 9 views
26. QuestionDebt payment should be limited to what percent of your income? Responses 15 percent 15 percent 35 percent 35 percent 10
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    2. 10 views
27. QuestionOf the following, which best defines savings? Responses A method of calculating income tax A method of calculating
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    2. 10 views
28. QuestionNot paying bills and not saving for retirement will: Responses Help save money in the long run Help save money in the
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    2. 7 views
29. What is the best method for developing a savings program?Responses Pay yourself first Pay yourself first Purchase wants first
    1. 1 answer
    2. 6 views
30. Reena wants to put together a net worth statement to share with her bank as she applies for a small loan. Showing your work for
    1. 5 answers
    2. asked by Yourfavorbrownskin
    3. 11 views
31. Reena wants to put together a net worth statement to share with her bank as she applies for a small loan. Showing your work for
    1. 1 answer
    2. asked by Yourfavorbrownskin
    3. 11 views
32. Reena wants to put together a net worth statement to share with her bank as she applies for a small loan. Showing your work for
    1. 1 answer
    2. asked by Yourfavorbrownskin
    3. 10 views
33. Find the balance after 10 years of a $30,000 savings account that pays 10% interest compounded yearly.
    1. 3 answers
    2. asked by Yourfavorbrownskin
    3. 11 views
34. Find the value after five years of a $3,000 savings account that pays 3% interest compounded yearly. Round the answer to two
    1. 1 answer
    2. asked by Yourfavorbrownskin
    3. 12 views
35. Given $125,000 in total liabilities and $100,000 in total assets, what is the net worth?
    1. 1 answer
    2. asked by Yourfavorbrownskin
    3. 12 views
36. You have a sneaker collection work $2,000, and you have $300 in your savings account. But you also have a credit card balance of
    1. 1 answer
    2. asked by Yourfavorbrownskin
    3. 8 views
37. Which is an example of a variable expenseHouse mortgage House rent Food Car payment
    1. 1 answer
    2. asked by Yourfavorbrownskin
    3. 7 views
38. Variable expenses are expenses that occur each month in a regular amount. True False
    1. 1 answer
    2. 10 views
39. A car payment is an example of a fixed expense. True False
    1. 1 answer
    2. 11 views
40. At the age of 20, you decide to deposit $1000 a year into a retirement account that compounds annually at a rate of 11%, Which
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    2. 9 views
41. Which of the following are considered up-front costs of renting? Security Deposit Application Fees Pet Fees First/last month's
    1. 1 answer
    2. 6 views
42. According to the unit's readings, what percentage of households in Tennessee have an emergency savings?40.5\% -54.2\% 54.2\%
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    2. 8 views
43. Derek will deposit $4,735.00 per year for 10.00 years into an account that earns 10.00%. Assuming the first deposit is made 6.00
    1. 3 answers
    2. asked by 123
    3. 13 views
44. Given the information below, what is the person's net worth? Type your answer in below.Emergency Fund in Savings Account-$5,000
    1. 1 answer
    2. 7 views
45. John is going to make a house purchase and borrow$ 325 , 000 $325,000 and has two options. John can have a mortgage for 30 30
    1. 1 answer
    2. asked by 1
    3. 8 views
46. Mortgage Payment:The equation below helps us determine the monthly payment for a mortgage. 𝑃 𝑎 𝑦 𝑚 𝑒 𝑛 𝑡 =
    1. 1 answer
    2. asked by 1
    3. 7 views
47. Brayton wants to invest his high school earnings for the next 7 years. He deposits $1,500 into an investment account at the
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    2. 12 views
48. Manuel has saved $253.32 so far. He plans to put $50 into his savings each month for the next year. How much money will Manuel
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    2. 51 views
49. how to find the price of a board game that costs $14.99 with a sales tax of 6.50. SHOW WORK!
    1. 1 answer
    2. 11 views
50. You have a mortgage of $125,600.00 at a 4.95% APR. You make a payment of $1,500.00 each month. What is your principal balance at
    1. 1 answer
    2. asked by Katana Yama
    3. 11 views
51. When you pay a bill in full, you are _____.(1 point) Responses paying it off paying it off defaulting defaulting maximizing
    1. 1 answer
    2. asked by Katana Yama
    3. 10 views
52. What are the components of a family budget?(1 point) Responses income and savings income and savings expenses and savings
    1. 1 answer
    2. 9 views
53. Calculate the simple interest on a $20,000 loan at an interest rate of 8 percent after 5 years.(1 point)Responses $80,000
    1. 1 answer
    2. 9 views
54. What is the final cost of two pairs of shoes at $35 per pair doing buy one get one 50% off sale
    1. 1 answer
    2. asked by Yourfavorbrownskin
    3. 7 views
55. Determine the final price of $44.99 set of headphones after $25 mail in rebate
    1. 1 answer
    2. asked by Yourfavorbrownskin
    3. 8 views
56. Which process leaves you with no debt when it is over?(1 point)Responses Chapter 7 bankruptcy Chapter 7 bankruptcy both Chapter
    1. 1 answer
    2. 10 views
57. What is the first essential thing you should do when your bankruptcy has been finalized?(1 point)Responses go back to living the
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    2. 7 views
58. if you pay 13.00 without tax and you give them 17 percent tip how much would that be
    1. 1 answer
    2. asked by kevin
    3. 10 views
59. Your grandma gave you $100 toward buying a $700 computer. You put $600 on a credit card. You didn’t take any money out of your
    1. 1 answer
    2. 11 views
60. Given $45,000 worth of total assets and a net worth of $25,000, what is the total balance of liabilities?(1 point)Responses
    1. 1 answer
    2. 8 views
61. Use the table to answer the question.Assets Value Car $36,000 Computer $1,115 Savings account $27,844 Retirement savings $90,291
    1. 1 answer
    2. 13 views
62. Your grandma gave you $100 toward buying a $700 computer. You put $600 on a credit card. You didn’t take any money out of your
    1. 1 answer
    2. 22 views
63. You have a house worth $227,500, a car worth $25,500, a savings of $15,450, and a retirement account worth $250,000. You also
    1. 1 answer
    2. 10 views
64. Calculate the simple interest on a $20,000 loan at an interest rate of 8 percent after 5 years.(1 point)Responses $1,600 $1,600
    1. 1 answer
    2. 11 views
65. Select all the correct answers.Which of the following expenses must be paid for by the individual that owns a home? monthly rent
    1. 1 answer
    2. asked by Neko :3
    3. 9 views
66. Select the correct answer.Which of the following is the first step to creating a budget? A. planning for a savings amount B.
    1. 1 answer
    2. asked by Neko :3
    3. 12 views
67. Calculate the simple interest on a$20,000 loan at an interest rate of 8 After 5 years
    1. 1 answer
    2. asked by Yourfavorbrownskin
    3. 6 views
68. Calculate the simple interest on a$20,009 loan at an interest rate of 8 percent after 5 years
    1. 1 answer
    2. asked by Yourfavorbrownskin
    3. 8 views
69. Select the correct answer.Which of the following actions can an individual take to accomplish their financial goals? A. Apply
    1. 1 answer
    2. asked by Neko :3
    3. 9 views
70. How much simple interest is earned after 3 years if a person invests $2,000 at 7 percent a year
    1. 1 answer
    2. asked by Yourfavorbrownskin
    3. 8 views
71. Which of the following may fall under the category of collateral?(1 point)Responses a high salary a high salary an antique vase
    1. 1 answer
    2. 7 views
72. What is a net worth statement?(1 point)Responses It is a listing of what an individual owns minus what they owe. It is a listing
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    2. 12 views
73. James has prepared his income statement:Income Salary 3,500 Tax withholding (490) 401(k) 0 Health insurance (210) Net salary
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    2. 10 views
74. James has prepared his income statement:Income Salary 3,500 Tax withholding (490) 401(k) 0 Health insurance (210) Net salary
    1. 1 answer
    2. 13 views
75. Define the following words.1. Savings 2. Investment 3. Banking institution 4. Interest 5. Income Answer in 10 words each
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    2. 6 views
76. Name five purposes of savingsAnswer in short one sentences
    1. 1 answer
    2. 8 views
77. Medical expenses are rarely a factor in bankruptcies.True False
    1. 1 answer
    2. 8 views
78. Niket is creating a personal budget. He plans to save 20% of his income. If he has a monthly income of $3,500, how much money
    1. 1 answer
    2. 21 views
79. Karen purchased a car for $40,000 by taking out a loan that will take 7 years to pay off. Given the car depreciates in value by
    1. 3 answers
    2. 11 views
80. What is the constant rate of change with an account value of $1000 and after 3 years the account value is $1750Rate of change
    1. 1 answer
    2. 9 views
81. Use your function to find the number of minutes it takes Bryan to reach a balance of $0.Round your answer to the nearest minute.
    1. 1 answer
    2. 9 views
82. Mortgage Payment:The equation below helps us determine the monthly payment for a mortgage. P a y m e n t = P ⋅ ( r n ) 1 − (
    1. 11 answers
    2. 15 views
83. Given $45,000 worth of total assets and a net worth of $25,000, what is the total balance of liabilities?(1 point) Responses
    1. 1 answer
    2. 23 views
84. Your grandma gave you $100 toward buying a $700 computer. You put $600 on a credit card. You didn’t take any money out of your
    1. 1 answer
    2. 17 views
85. You have a house worth $227,500, a car worth $25,500, a savings of $15,450, and a retirement account worth $250,000. You also
    1. 1 answer
    2. 11 views
86. Your client has a house worth $127,500, a car worth $5,500, a savings of $5,450, and a retirement account worth $50,000. They
    1. 1 answer
    2. 13 views
87. Banking and Finance Unit Test15 of 1915 of 19 Items Question What term can be used to describe the situation where your fixed
    1. 1 answer
    2. asked by SS
    3. 16 views
88. Sam opened a money-market account that pays 5% simple interest. He started the account with $7,000 and made no further deposits.
    1. 1 answer
    2. 13 views
89. The Sanchez family’s household budget is shown in the pie chart. Approximately what percentage of the total income was set
    1. 5 answers
    2. asked by Yourfavorbrownskin
    3. 23 views
90. What are the components of a family budgetincome, expenses, and savings income and savings income and expenses expenses and
    1. 3 answers
    2. asked by Yourfavorbrownskin
    3. 18 views
91. Niket is creating a personal budget. He plans to save 20% of his income. If he has a monthly income of $3,500, how much money
    1. 1 answer
    2. asked by Yourfavorbrownskin
    3. 20 views
92. What is a debt-to-income ratio?(1 point)Responses a percentage of the loaned funds paid to the lender by the borrower in
    1. 1 answer
    2. asked by Alex_West_Wife197
    3. 21 views
93. For questions 3–4, you will be answering by filling in the blanks.(1 point)Round to the nearest penny. If you want to include
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    2. 26 views
94. For questions 3–4, you will be answering by filling in the blanks.(1 point)Round to the nearest penny. You want to purchase a
    1. 1 answer
    2. 28 views
95. What column do you put the deposits in when you are balancing your checkbook?
    1. 1 answer
    2. asked by Alice <3
    3. 22 views
96. Isabella bought a new mountain bike for 1,149.79 she will finish paying for the bike after 6 months each month she will pay the
    1. 1 answer
    2. 15 views
97. Jesse buys his coworkers lunch from the local steakhouse. The food costs $105.79, and the sales tax rate is 9%. Jesse wants to
    1. 1 answer
    2. 20 views
98. Why does someone need to protect their personal banking and credit card information?(1 point) Responses to prevent someone from
    1. 1 answer
    2. asked by Landon Sharp
    3. 23 views
99. QuestionWhich accurately describes the purpose of a credit plan?(1 point) Responses to project how much money will accumulate in
    1. 1 answer
    2. asked by SS
    3. 21 views
100. Budgeting Quick Check1 of 51 of 5 Items Question Does a low interest rate encourage people to borrow or to save? Explain.(1
     1. 1 answer
     2. asked by SS
     3. 26 views