04/16 - 04/17: Retirement Quiz
Quiz by Christopher Jones
High School
Financial Mathematics
Texas Essential Knowledge and Skills (TEKS) - Electives
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6 questions
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- Q1True or false: A revenue-generating asset is any investment that will make you money over time after an initial upfront cost?FalseTrue300s130.180.F.11.D
- Q2Which of the following retirement options is offered only by employers and must be paid into by the employee?Direct benefit pension.Direct contribution pension.Annuity.Social security.300s130.180.F.12
- Q3Which of the following retirement options is an insurance product where you pay a premium to guarantee a payout later for a specific period of time?Direct benefit pension.Annuity.Direct contribution pension.Social security.300s130.180.F.12
- Q4Which of the following retirement options is offered only by employers and funded entirely by that employer?Direct contribution pension.Annuity.Direct benefit pension.Social security.300s130.180.F.12
- Q5Which of the following retirement options is federally funded by putting tax money into a trust that is disbursed to qualifying members on an ongoing basis?Annuity.Direct benefit pension.Direct contribution pension.Social security300s130.180.F.12
- Q6Lakota contributes $200 per month to an annuity for eight years. Her annuity has an interest rate of 5.5%. Calculate the future value of her annuity at the end of the eight year period.$24,404.97$24,974.04$24,740.49$24,049.74300s130.180.F.12