20-10 Rule Personal Finance

20-10 Rule Personal Finance

Assessment

Flashcard

Other, Life Skills

9th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

Student preview

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10 questions

Show all answers

1.

FLASHCARD QUESTION

Front

If your annual net income is $45,000. What is the maximum amount you could safely borrow?

Back

$9,000

2.

FLASHCARD QUESTION

Front

If your annual net income is $45,000. What is the maximum MONTHLY PAYMENT you could afford to pay?

Back

$375

3.

FLASHCARD QUESTION

Front

If your annual net income is $29,000. What is the maximum MONTHLY PAYMENT you could afford to pay?

Back

$241.67

4.

FLASHCARD QUESTION

Front

If your annual net income is $29,000. What is the maximum amount you could safely borrow? Options: $5,000, $5,200, $5,800, $6,000

Back

$5,800

5.

FLASHCARD QUESTION

Front

If your annual net income is $10,200. What is the maximum amount you could safely borrow?

Back

$2,040

6.

FLASHCARD QUESTION

Front

If your annual net income is $10,200. What is the maximum MONTHLY PAYMENT you could afford to pay?

Back

$85

7.

FLASHCARD QUESTION

Front

If your annual net income is $23,500. What is the maximum amount you could safely borrow?

Back

$4,700

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