Unit 7 T

Hei-Hei has $1500 in a retirement account earning 5% interest compounded annually. After 5 years how much does Hei-Hei have in the account?

• $1750

• $2010.14

• $2500

• $1914.42

Tags

CCSS.HSF-LE.A.1C

Semi-Annually means how many times a year?

• 4 
• 2
• 1
• 6

Olivia would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest . If she spent $7,400 and makes $150 payment each month, how much total will she have paid once paid off?.

• $2,020.07

• $9,420.07

• $7,400

• $150

Tags

CCSS.HSF.BF.A.2

Coach Maier once had a job where he made $24 an hour (he works 8 hours a day and five days a week). During that time, federal tax was 12%, state tax was 6.7%, Medicare was 2.3%, Social Security was 1.2%, and 2% for retirement He paid $210 for health insurance. How much was his MONTHLY take home pay?

• $2943.28

• $4160.00

• $923.52

• $3236.48

Tags

CCSS.6.RP.A.3C

Coach Maier started late in life saving for retirement. He is investing $390 each month in an account that earns 11% interest compounded annually. If he started at 33 years old, about how much will he have when he retires at 68?

• $1.6 million

• $830k

• $2.4 million

• $150k

Tags

CCSS.HSF.BF.A.2

Coach Maier bought his daughter a car. The cost of the car was $23,675.00. Tax was 6.8%. Title, registration and other fees were $1770. He made an $8,000 down payment. He got a five year (60 month) loan with an interest rate of 5.77%. What is his monthly payment?

• $366.35

• $236.75

• $633.65

• $577.00

Coach Maier bought his daughter a car. The cost of the car was $23,675.00. Tax was 6.8%. Title, registration and other fees were $1770. He made an $8,000 down payment. He got a five year (60 month) loan with an interest rate of 5.77%. How much INTEREST will he pay?

• $366.35

• $2926.11

• $1770.00

• $2365.70

How long can a BANKRUPTCY stay on your credit report?

• 7-10 years

• 3-5 years

• It stays on forever

• 11-14 years

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

If you charged $2,395.40 on a credit card that charges 21.99% interest. How many months will it take to payoff the balance if you play $50 a month?

• 116

• 50

• 44

• 141

When writing a check, which of the following is NOT required?

• Fill in the Memo section

• Fill in the date section

• Fill in the signature section

• Write out the amount

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5