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Financial Literacy 8th Flashcards | StudBud
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Financial Literacy 8th
Financial Literacy 8th
13 terms
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#financial literacy
Flashcards
13 cards
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Practice quiz
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Questions
13
Answers
1
Which loan option would allow her to pay the least amount of interest?
A
D
C
B
2
If no additional investment is made, how much interest should he expect at the end of 10 years?
F
G
H
J
3
Which amount is closest to the total balance of these two accounts at the end of 2 years?
D
A
B
C
4
Which statement about the balances of Olivia's and Melinda's account at end of 3 years is true?
B
C
A
D
5
What is the difference in the interest Holly would have to pay for each of these two loans?
B
A
C
D
6
Which amount is closest to the minimum needed to save every month to pay off in 12 months?
C
A
B
D
7
What is the annual interest rate on this account?
B
C
A
D
8
Which amount is closest to the interest the employee will have earned at the end of 5 years?
G
J
H
F
9
Based on the table, what is the minimum she should deposit in the savings account every month?
B
D
A
C
10
How much interest will Tamara earn on her investment at the end of 3 years?
J
F
G
H
11
Which amount is closest to the balance of the account at the end of 2 years?
H
F
J
G
12
Which plan shows the minimum amount Devon must save to be able to pay for his first year?
D
C
B
A
13
What is the minimum amount of money she should save every month in order to reach her goal?
J
F
G
H