Building Wealth

Building Wealth

11th Grade

5 Qs

quiz-placeholder

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Building Wealth

Building Wealth

Assessment

Quiz

Life Skills

11th Grade

Practice Problem

Hard

Created by

Nansi Swartwout

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you invest $2,000 at 8% interest compounded annually, approximately how much will you have after 9 years?

$2,160

$3,600

$4,000

$8,000

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which investment option typically offers the LOWEST risk but also the LOWEST potential return?

Individual stocks

Savings account

Cryptocurrency

Index fund

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the Rule of 72, approximately how long would it take for an investment to double at 6% annual interest?

6 years

12 years

36 years

72 years

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT typically considered a wealth-building strategy?

Regularly investing in low-cost index funds

Using a high-interest credit card for daily expenses

Contributing to a retirement account

Creating multiple streams of income

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you're creating a wealth-building plan with a 15-year time horizon, which factor should influence your strategy MOST?

Daily market fluctuations

Your risk tolerance

Current interest rates on savings accounts

This month's trending investment topics