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MEL4E Unit 1 Quiz 1

Authored by Wilson Owuor

Mathematics

12th Grade

MEL4E Unit 1 Quiz 1
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16 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are your financial goals for the next 5 years?

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2.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

What do the following TVM solver abbreviations stand for?

3.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Jaspreet is saving for a vacation to Halifax with her friends. She puts $2 a day into a glass jar on her night table. Approximately how much will Jaspreet save in 30 days?

4.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Jasira is going to college next year to study culinary arts. She has 1 year to save $3000. Calculate the amount she needs to save from each paycheque if she is paid weekly.

5.

OPEN ENDED QUESTION

3 mins • 1 pt

If Caleb needs to buy snow tires for his truck which will cost $1000 and he saves $120 each week, will he have enough to buy the tires in 6 weeks?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

In 9 months, Rob wants to purchase a $1200 snowboard. He has an account that pays 2.5% interest per year, compounded monthly. Use a TVM solver to determine how much he should put in the account each month.

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

Find an article about financial planning on the Internet or in a print resource. Read the article and describe the attitude of the author toward financial planning.

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