Managing Personal Finances
Flashcard
•
Mathematics
•
University
•
Practice Problem
•
Hard
Standards-aligned
Wayground Content
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10 questions
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1.
FLASHCARD QUESTION
Front
What is the error if an investment is compounded quarterly with an interest rate of 8%? As a guide here are the equationsOptions: (+)0.25 , (-)0.35, (+)0.30, (-)0.20
Back
(+)0.25
2.
FLASHCARD QUESTION
Front
Financial strategies depend largely on the person’s earnings, living requirements, goals, and desires.
Back
Personal Finance
3.
FLASHCARD QUESTION
Front
A sum of Php 1000 is invested at an interest rate of 12% per year. Find the amount in the account after three years if interest is compounded continuously. GIVEN: n= 3, P = Php1000, t = 3 years, r = 0.12, A=?
Back
Php 1,423.3
4.
FLASHCARD QUESTION
Front
When dealing with rates outside this range, the rule can be adjusted by adding or subtracting 1 from 72 for every 3 point the interest rates diverges from the _% threshold.
Back
8%
Tags
CCSS.8.EE.C.7B
5.
FLASHCARD QUESTION
Front
What are the Different Areas of Personal Finance?
Back
Income, Spending, Saving, Investing, Protection
6.
FLASHCARD QUESTION
Front
It is a comprehensive evaluation of an individual current pay and future financial state by using the current known variables to predict future income, asset, values and withdrawal plans.
Back
Financial plan
7.
FLASHCARD QUESTION
Front
Which of the following is NOT part of the ten steps to creating a financial plan? Options: Write down your financial goals, Get the right insurance, Create an estate plan, Get rid of taxes.
Back
Get rid of taxes
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