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1. If a $10,000 investment earns a 3.7% annual return, what should its value be after one year? A. $3,700 B. $3,800 C. $10,000 D.

1.

If a $10,000 investment earns a 3.7% annual return, what should its value be after one year?
A.

$3,700

B.

$3,800

C.

$10,000

D.

$10,370

2.

The monthly budget showed that a family planned to spend $640 for food during March but only spent $480. This difference would be referred to as a:

A. Deficit.

B. Contribution to Net worth.

C.

Budgeted Production.

D. Budget variance.

3.

Darlene Wilson has the following financial amounts: checking account balance $1,120, savings account $4,250, credit card balance $1,830, jewelry $1,930, current market value of home $111,000, a mortgage on the home of $83,250. What is the total value of Darlene's assets?

A.

118,300

B.

120,130

C.

118,200

D.

101,870

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