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Course: Personal Finance Management 1. What is the APY for a savings account with a $2,500 balance that earns $185 for the year? A. 6.7

Course: Personal Finance Management

1. What is the APY for a savings account with a $2,500 balance that earns $185 for the year?

A. 6.7 percent B. 7.4 percent C. 6.4 percent D. 7.1 percent

2. Larry has liabilities of $359,000 (excluding mortgage debt of $210,000). His net worth is $587,000. What is his debt-to-equity ratio?

A. .54 B. .58 C. .61 D. .49

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