Final Exam Review

Compound Interest: Calculate the future value of an investment of $15,000 at 8% for 35 years.

How much is the standard deduction for a single person?

What would cause a credit score to go down?

What is a credit score?

How much is the standard deduction for a married couple?

What is a difference between a bank and a credit union?

What is compound interest?

What is the most dangerous debt to carry?

What percentage of income should be used for WANTS in a 50/30/20 budget?

What is the S&P500?

Why are index funds considered safer than individual stocks?

What is the difference between a scholarship and a grant?

What is Arizona's state income tax rate?

What is the least important factor when considering a loan?

Compound Interest: Calculate the future value of an investment of $40,000 at 9.5% for 40 years, contributing $100/month

Suppose you need to get student loans to pay for tuition. Which loan type will generally offer the lowest interest rate?

What is a deductible in insurance?

The S&P500 averages a ________ return per year.

What is a benefit of having a credit card?

What is an overdraft?

Which of the following is an income tax?

What is financial literacy?

Which of the following does NOT qualify as a tax deduction?

Which of the following is a PAYROLL tax?

What is the main benefit of a direct subsidized loan over an unsubsidized loan?

Which of the following investments offers the lowest risk?

What is a premium in insurance?