Step 2: Start Saving Early Instead of Later

Step 2: Start Saving Early Instead of Later

Assessment

Passage

Other

9th Grade

Hard

Created by

Brian Bellamy

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the amount you will have at age 65 if you invest $100 at age 25 with an 8% compound return?

$3,192

$2,172

$1,478

$1,006

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

At what age do you need to invest $9,938 to reach $100,000 by age 65 with an 8% compound return?

Age 35

Age 40

Age 45

Age 50

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

At what age do you need to invest $46,319 to reach $100,000 by age 65 with an 8% compound return?

Age 55

Age 50

Age 45

Age 40

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much would you need to invest at age 20 to reach $300,000 by age 65 with an 8% annualized return?

$5,000

$9,399

$15,000

$20,000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the annualized return is 12%, how much would you need to start with at age 20 to reach $300,000 by age 65?

$1,830

$3,000

$5,000

$9,399

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the key concept illustrated by the example of saving $5,000 annually from age 21 to 65?

The importance of high-risk investments

The impact of inflation on savings

The value of early savings and compound interest

The necessity of financial advisors

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of the total savings at age 65 came from the first decade of savings when saving the same amount each year?

55.4%

25%

8%

50%

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