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ACCY 302 Project 1 Part 4 Quiz Flashcards | StudBud
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ACCY 302 Project 1 Part 4 Quiz
ACCY 302 Project 1 Part 4 Quiz
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StudBud Administration
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Quiz quiz for financial literacy project 1 part 4
Flashcards
8 cards
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Practice quiz
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Questions
8
Answers
1
That surplus sufficient to take advantage of the monthly saving option, scenario 2?
True
False
2
Michael earned more interest by saving monthly, scenario 2?
True
False
3
Dr. Cheng is funny!
True
False
4
What was Michael's actual surplus after he finished saving for his emergency fund?
2,594
2,009
1,924
2,509
5
How much interest did Michael earn under the lump-sum savings option, scenario 1?
$377
$8,123
$773
$7,727
6
That surplus sufficient to take advantage of the lump-sum saving option, scenario 1?
False
True
7
When did Michael have more than $8,000 in his savings balance under scenario 1, the lump sum savings option?
January 31, 2027
March 31, 2026
September 30, 2025
February 27, 2027
8
How much was Michael's out of pocket cost under the lump-sum option, scenario 1?
$8,123
$7,727
$451
$8,500
