Can I get some help with these homework questions?

Farhaan has just started his career after graduating from college.

Which of the following actions will help Farhaan achieve his financial goals?

• a.)

He should create a financial plan based on personal goals that are specific and measurable.

• b.)

He should spend more money than he earns now that he is no longer in school.

• c.)

He should be concerned about economic uncertainties, both nationally and globally.

• d.)

He should make impulsive financial decisions when choosing new investments.

Which of the following is a strategic approach to ensure interest works in our favor?

• a.)

Placing money in a safety-deposit locker rather than in a bank account

• b.)

Using credit cards to make purchases

• c.)

Deferring loan repayments for a few months

• d.)

Investing money in a scheme that constantly accrues interest

Theresa took out an auto loan of $5,000 at 5% interest to buy a used car. She is now trying to determine the monthly payments she has to make to repay her loan.

Which type of TVM calculation should Theresa use to determine the amount of her monthly payments?

• a.)

Discounting

• b.)

The future value of a lump sum

• c.)

Amortization

• d.)

The present value of a lump sum

Pramod invests $2,000 for 5 years at 5% interest.

Calculate the amount Pramod receives at the end of the investment period.

• a.)

$10,000

• b.)

$3,506

• c.)

$4,000

• d.)

$2,553

Alice pays a monthly rent of $1,200 for an apartment. She bought a new car which is an asset worth $20,000, but she still owes $15,000 on her car loan. Since Alice is just starting out in her career, she has $600 in her 401(k) and $1,950 in her savings account. She has a student loan of $50,000. She has $4,000 in credit card debt.

Using the given information, calculate Alice's net worth.

• a.)

Alice has a net worth of $47,650.

• b.)

Alice has a net worth of $22,550.

• c.)

Alice has a net worth of $37,650.

• d.)

Alice has a net worth of $70,200.

Which of the following actions is a short-term solution when a financial crisis arises?

• a.)

Decrease one's fixed expenses.

• b.)

Make investments that will ensure consistent returns.

• c.)

Consistently set aside a percentage of one's income as savings.

• d.)

Pay off expenses using one's credit card

Melanie is using her technology skills to create a spreadsheet to track her expenses. She enters expenses like rent, utilities, and purchases for the month in one column and the amount of money in dollars spent on each in the next column. She adjusts the sizes of the cells in the table and the colors of the table.

For which action should Melanie use the Format option?

• a.)

To delete a row or column

• b.)

To display amounts in dollars

• c.)

To insert a new column

• d.)

To change the color scheme of the table

Victor needs to calculate his total net worth from the data in a balance sheet. He adds his total assets in cell B2 and total liabilities in cell B3.

What formula should Victor use to calculate his net worth?

• a.)

=(B3,B2)

• b.)

=(B3-B2)

• c.)

=MINUS(B2,B3)

• d.)

=MINUS(B3-B2)

Which of the following people can best display their data using a column chart?

• a.)

Nina, who decides which car to buy by listing available models according to price, from lowest to highest

• b.)

Lee, who wants to compare his expenses in different categories (food, entertainment, transport, and miscellaneous) for each month of the previous year

• c.)

Kenneth, who wants to compare the total amounts he spent each month for the past year

• d.)

Vince, who wants to show the proportion of his income he spent on different categories in January