analyze situations to determine if they represent financially responsible decisions and identify the benefits of financial responsibility and the costs of financial irresponsibility
estimate the cost of a two-year and four-year college education, including family contribution, and devise a periodic savings plan for accumulating the money needed to contribute to the total cost of attendance for at least the first year of college
Track each student's skills and progress in your Mastery dashboards
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Q 1/7
Score 0
Juan deposited $850 into a college savings account earning 4.8% interest compounded annually. He made no additional deposits. How much interest does his account earn in 10 years? (Don't forget to subtract you amount from deposit)
30
$508.41
$42,858.41
$1,358.41
$3.66
Q 2/7
Score 0
Lorenzo deposited $400 into a savings account earning 4.5% simple interest. He does not deposit the interest. What was the total interest he earned in 3 years? (Make sure you make a chart).
30
$36
$18
$108
$54
7 questions
Q.
Juan deposited $850 into a college savings account earning 4.8% interest compounded annually. He made no additional deposits. How much interest does his account earn in 10 years? (Don't forget to subtract you amount from deposit)
1
30 sec
8.12.D: Personal Financial Literacy
Q.
Lorenzo deposited $400 into a savings account earning 4.5% simple interest. He does not deposit the interest. What was the total interest he earned in 3 years? (Make sure you make a chart).
2
30 sec
8.12.D: Personal Financial Literacy
Q.
3
30 sec
8.12.D: Personal Financial Literacy
Q.
Identify the payment method used for each transaction as cash, a credit card, a debit card, or a stored-value card. Johnny bought a new lawn mower and then paid for it the following month.
4
30 sec
8.12.E: Personal Financial Literacy
Q.
Determine if the decisions described are financially responsible or financially irresponsible and explain why. Matthew quit his job. He has $500 in savings. He uses his debit card to pay $45 for his first month’s membership dues at an exercise club.
5
30 sec
8.12.F: Personal Financial Literacy
Q.
Luis wants to attend West Texas A&M University. Tuition and fees: $7,586; room and board: $7,496; books and supplies: $1,000; and other supplies: $4.854. Compute Luis' estimated cost of attending West Texas A&M for 4 years.
6
30 sec
8.12.G: Personal Financial Literacy
Q.
Luis wants to attend West Texas A&M University. Tuition and fees: $7,586; room and board: $7,496; books and supplies: $1,000; and other supplies: $4.854. Compute Luis' estimated cost of attending West Texas A&M for 4 years.
