ame r for each of the fo Circle your answe answers. llowing multiple choice questions. Multiple selections will be counted as incorrect Megan purchased a new vehicle for $40,000. She put $5,000 down and financed the $35,000 balance over 5 years. What is the impact of this transaction 1. on her net worth? a. Her net worth increases. b. Her net worth decreases. C. F d. None of the above. Her net worth remains the same. Allen is a graphic designer and contributes 10% of his salary to his 401(k). His employer makes a 3% matching contribution. Last year, Allen earned $60,000, but he received a raise and will earn $65,000 this year. Also, Allen contributes $2,000 to an IRA at the end of each year. What is his total savings rate this year? 2. 13.00%. 14.08%. 16.08%. 17.42%. b. d. 3. Which of the following would NOT be considered an investment asset? a. Cash Value in Life Insurance. b. A Money Market Account. c. A Brokerage Account. d. A401(k) Plan. 4. Which of the following statements is/are correct? 1. A new automobile loan for 60 months is an example of a long-term liability 2. Unpaid taxes are an example of a long-term liability a. b. 2 only c. Both 1 and 2. d. Neither1 nor 2