Unit 3 Test Questions

Jacob invests $25,000 in a company that makes a profit of $60,000. What is his ROI?

• 58%

• 140%

• 42%

• 240%

If your payments are always the same for your student loan, what type of payment is this?

• Standard Repayment Plan

• Fixed-Income Plan

• Graduated Repayment Plan

• Income-Based Repayment Plan

A subsidized loan, interest accrues and is added to your principal balance while you're in school.

• True

• False

• x

• x

Brian's job pays $79,000 a year and it costs him $92,000. What would his ROI be after 2 years?

• -14%

• 72%

• 86%

• 116%

Which of the following is NOT a type of financial aid for college?

• Student loans

• Grants

• Scholarships

• FAFSA