Question
1) Using leverage, what is the ROI on a $100,000 investment purchased with a bank loan and a $20,000 down payment if you have used
1) Using leverage, what is the ROI on a $100,000 investment purchased with a bank loan and a $20,000 down payment if you have used sweat equity to improve its value by $10,000?
a)33%
b)10%
c) 65%
d) 130%
2) If you work for a company that will match $2 for every $2 you contribute to your retirement plan up to 6% of your salary of $44,000, what is the maximum amount of free money from the company that you can earn this year?
a) $5,000
b) $2,500
c) $2,000
d) $1,250
3) If your total liabilities are $1,800 and total assets are $1,350, what is your net worth?
a) $3,150
b) $3,150.00
c) $450
d) $450
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