You put $5,000 into an account that pays 3% annual interest. Interest is compounded monthly. You keep this money in the account for 10 years. How much money will you have?

		$750
		$6,746
		$5.750
		$6,720
		$8,144

Ali buys his wife a valuable piece of jewelry (diamond necklace) for $30,000. He purchases it using $25,000 from his savings account and a $5,000 loan. How does this purchase affect Ali's personal balance sheet? Choose the most correct answer.

		a. His assets increase.
		b. His liabilities increase.
		c. His net worth stays the same.
		a and b
		a, b and c

Mohammed and Divya are married. Mohammed puts $3,000 into his retirement plan each year. Divya puts $4,000 into her retirement plan. They each average earning 7% per year for the next 40 years. At the end of 40 years, ABOUT how much money will they have saved together?

		$280,000
		$600,000
		$1,400,000
		$800,000
		$850,000

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David gets a job for $50,000. If he gets a 5% raise each year for 6 years, what will his salary be?

		67,000
		65,000
		73,000
		55,000
		69,000

Which of the following receive an extra $1650 per year in addition to their standard deduction?

		a. Children under 17 years of age
		b. Old People (age 65 or over)
		c. Blind People
		d. Deaf People
		e. Answers b, and c above