Question
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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