W!SE Boot Camp Review

Which formula shows the number of years it takes to double your investment?

• 72 / Interest Rate
• 72 / 2 * principal
• 72 / money invested
• 72 / number of years invested

How many years does it take to double your investment with an interest rate of 9%?

• 5 years
• 10 years
• 8 years
•  7.2 years

What interest rate must Tanner earn to double his $500 investment in six years?

• 6%
• 12%
•  9%
• 8%

Emily earns a 8% on her $25,000 investment. How long until she earns $50,000?

• 9 years
• 8 years
• 10 years
• 72 years

Using simple interest, how much will a $100 investment, with 10% interest, be worth at the end of the first year?

• $110
• $10
• $120
• $100

Using simple interest, how much will a $100 investment, with 10% interest, be worth at the end of year 2?

• 100
• 110
• 120
• 140

The amount of money you pay out of pocket for a covered medical service (after deductible has been met).

• co-pay
• premium
• double pay
• rule of 72

Which of the following is not a source of income?

• Wage
• Rental cashflow
• Investments
• Expenses

Insurance that will cover your bills while you are disabled or cannot work due to an injury or illness

• disability insurance
• health insurance
• life insurance
• hurt insurance

How can you determine your net worth?

• Assets - Liabilities = Net Worth
• Assets + Liabilities = Net Worth
• Assets - Expenses = Net Worth