What should she consider in this process? Why is compound interest preferable to simple interest? What is the approximate minimum amount Jarrod should save monthly? He has a stamp collection worth $1,250 and he has $300 in a bank account. b. a. how much has been earned e. She must make sure she will be able to make the monthly payments. II and IV are governmental; I and III are not. The loan has a duration of ten years and an interest rate of 7.6%, compounded monthly. d. decreases annually. c. It's important to keep accurate records. $292,700 $595.20 $354.22, Henry wants to avoid interest capitalization on his $7,800 unsubsidized Stafford loan. c. Darren is looking for an investment that has a very high interest rate. $33.10 Can I pay at least the minimum payment each month? What does she need to have when she goes to the bank? b. how much sales tax has been paid b. Tamera's credit limit is most likely lower than Rupert's, and her interest rate is most likely higher. Is advertising influencing her? c. equity falling into debt if faced with a serious problem $25 per year until the loan is paid off. Which type of account is most likely best for her? c. She should research the average salary of similar positions to see if the offers are fair. Jessica is low risk but will not pay her outstanding balances on time. Check all that apply. only goes up. Lakesha does not have enough in her bank account to use a debit card for the purchase of a bike she needs to get to work. a) The income may be used to find a replacement for the key employee. b. a. doctor in a clinic that serves a low-income population the right to be heard and the right to choose subsidized Stafford loan $860, What is one cost of avoiding insurance? Which describes a set amount of pay received by a worker over the course of a year? pay a higher interest rate during the first few years. d. d. She should use a fashion magazine article on famous architects since it will have lots of pictures. If an employer pays the cost of an accident or health insurance plan for his/her employees (including an employee's spouse and dependents), then the employer's payments are not wages and are not subject to social security, Medicare, and FUTA taxes, or federal income tax withholding. a. b. b. c. What is not a potential risk of purchasing a used car? $461 Jessica is high risk but will not pay her outstanding balances on time. How much more in interest will Zoe end up paying for her loan because of her bankruptcy? assets A) paraphrasing information during a discussion B) focusing only on short-term skills C) asking closed-ended questions D) providing general feedback. However, when she receives her bank statement, she's surprised to see that she has been charged a $5.00 overdraft fee. What must he consider before using that method of payment? use large amounts of credit at once. changing others' addresses b. the quantity products produced Pay more than the minimum amount that is due. d. Gathering information. A monthly fixed rate mortgage payment c. having more debt than income She should check her own records to see if she made a mistake. b. a. c. Shondra should be sure she will have enough in her account to be able to make the monthly payments. a. property taxes b. Fido's decision is sensible because the cost of the car loan should be less if his credit history improves. a. corporate tax. a. b. $200 Bankruptcy erases all of your debt. $1,384.00 c. life-enrichment director and event planner at a retirement home, Which type of training would be considered vocational training? Youre considered the provider of a fringe benefit even if a third party, such as your client or customer, provides the benefit to your employee for services the employee performs for you. a. the monthly savings amount. Check all that apply. She will have $2.93 left over. d. having a paycheck garnished, b. obtaining a low interest rate on a loan. it may not be needed. b. d. local social security tax. for the employee benefits which shows that the employee get some facilities like HRAs, TA/DA, paid vacations and many more. b. 156,000 She should research the benefits included in each offer. d. $29,904.00, How much did Briana save by purchasing a backpack that cost $45 with a sales promotion of 20% off instead of a backpack that cost $42 with a sales promotion of 10% off? a. careful consideration of short-term goals. Federal grants can be awarded for various reasons, but scholarships are always based on a student's financial need. fail to use different types of credit. Simple interest is paid only on the (blank). c. property tax If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $50.40 more than paying cash for the laptop. II. a. where a property is located. A grant is money awarded to a student, usually based on financial need. date of birth. An index measures market performance. d. bankruptcy. Which method would be best? Miranda paid off each loan by making constant monthly payments, starting with when she graduated. d. Tuition is the price of attending classes at a school. b. d. b. If Shona only has $40 to spend, which store will she purchase the rug from, and how much will she have left over? d. Should I talk to a consumer credit counseling service? She should research the cost of living of different locations to compare against the offered salaries. c. Will I have to take out a loan? a. Wait for the bank to call her. How many different passwords are possible? Compound interest pays at least double the interest on the principal during each month. $31,616.16 e. Can I pay at least the minimum payment each month? $81.25 b. c. training to learn a new hobby Which explains why he should establish a positive credit history before buying the house? d. an amount of time during which a loan can be repaid without interest, b. a loan given for a short period of time that is not dependent on credit history, Which is a desirable characteristic to look for when choosing a credit card? c. Julio is not correct because the same item cannot represent both an asset and a liability. a. a. a. when the consumer has a lot of space to store bulk items In some cases, it is safe to avoid insurance because In order to complete a FAFSA, you must submit information about grades (blank 2) c. local taxes. c. a. having a checking account The consumer has the right to fair settlement of disputes. a. to decide which bills to pay first - (blank). Which answer best defines employee benefits? date of birth A vocational school degree takes one year to earn. Assets are traded. Check all that apply. b. low interest rate on a car loan Therefore, we are not permitted to delete your personal information unless your employer or former employer requires us to do so. b. Julio is correct because he can pay $45,000 and have no more liabilities. c. Speak to their corporate consumer department. In personal finance, what is considered a need? She should research the average salary of similar positions to see if the offers are fair. c. d. to determine if the customer is a likeable person a. She must check the interest rate on the debit card. d. Raj is looking for an investment with a fast return so he can reinvest. Henry will graduate in four years, and the loan has a duration of ten years. She receives job offers from different companies. Which explains why the lender examines the customer's credit report? Credit cards are secured loans for large amounts, while personal loans are unsecured for small purchases. Alan is young, but he decides to plan for his retirement early. $4,540.56 Carry all your passwords in your wallet or purse. They are payable for more than 12 months. The career is growing and will provide fewer opportunities over time. Each loan had a principal of $5,500, an interest rate of 7.5% compounded monthly, and a duration of ten years. Personal loans offer lump sums of money, while credit cards set a maximum amount a person can borrow. Which of these is an advantage of checking accounts? Check all that apply. 702,000 d. The bank will charge a fee for having a negative balance. Which career choices might he enjoy? the right to be heard and the right to redress e. can be broken at any time, a. requires a credit check c. a. When people take out a mortgage, they must pay back the money b. They both act as angel investors for start-ups. Which is the best description of how a scholarship differs from a federal education grant? b. a. a. Emma is more prepared to meet her basic needs. The 25% discount is better; it saves $12.50 more. c. She must check to see if any automatic payments are scheduled for her account. c. b. employee benefits Has she compared prices? Tayesha wants to find more information about a career in architecture. $412.79 The loan had a duration of ten years and an interest rate of 5.0%, compounded monthly. If Reg makes a monthly payment of $773.89, which of the following was his down payment? b. 703,040 She should research the cost of living of different locations to compare against the offered salaries. d. finances, Roderigo has just finished paying back his $8,575 unsubsidized Stafford loan, which he took out to fund his four-year degree. d. b. who lives on a property. The loan has a duration of ten years and an interest rate of 6.4%, compounded monthly. c. only goes down. the stability of a currency. c. includes interest rate information Which results are more likely for someone without personal finance skills? Which best describes the role that government and business play in investments? If letters can be repeated and the special character is at the end of the password, how many possibilities are there? $496.00 c. d. car payments are likely to exceed available income. Compound interest pays interest on the principal and the interest earned in each period. Which is a possible benefit of having a good credit history? b. payroll taxes. as soon as they can. d. They are available to any student who meets lending standards, regardless of financial need. d. Joaquin should take the class because $3,000 is too small of an amount to bother putting away for retirement. a. utilities c. Evaluate results. c. how much a property is worth. The median salary for this career is $30,000. the person's social security number c. Tuition is money borrowed to pay for an education. c. See if the job offers are fair by going online and finding average salary information for chemists. True b. 3. scholarships and grants. c. having more debt than income Mr.Collins buys a table and sofa for $2,028.The table costs 30% of the price of the sofa. b. lower interest and compound interest rates. d. $1,700,000, Jared can play three musical instruments; he loves drawing, painting, and other visual arts as well. As Ruth Ann is researching careers, she decides she enjoys living in her hometown and doesn't want to relocate. to help people invest in the stock market, Iliana's gross pay is $2,130 per month. Which of the following is not a true statement about filing bankruptcy? e. paying a credit card balance in full each month, b. making late payments c. a. a. Someone buys a new vehicle with a loan from a car dealer. a. job training after high school $29,481.08 c. down payment a. getting a high interest rate on a credit card offer Question: 4. social security number. c. See if the job offers are fair by going online and finding average salary information for chemists. 6,500,000 See more on the variety of staff benefits on offer in our Reward management surveys. Kenya borrowed the money to buy the jeans. c. She should contact the police about possible theft. one already has enough savings. a. skimming d. getting money with special repayment terms a. b. They are issued in cooperation with the student's university to reduce costs and paperwork. Commodities are traded. What is Compensation employees? IV. a. I. Ariel wants to compare the salaries for positions she was offered at two companies. The issuer could go bankrupt. wages and salaries, annual leave), post-employment benefits such as retirement benefits, other long-term benefits (e.g. the hourly pay rate. Building equity in a home is a good thing because Careers, Salaries, and lifetime Income (GVC). Kenya will pay for the jeans over time. Consumer Product Safety Commission Requires that the benefit of gain or the risk of loss from the assets contributed to the pension plan be borne by the employee. b. higher property taxes. Which best describes why investing can be such a challenge? d. the monthly transportation cost. often pay a lower interest rate during the first few years. She plans to graduate in 4 years. B. fail to pay their bills on time. -career locations and environments. d. is predictable. $25,000 municipal bonds Individuals injured on the job while employed by private companies or state and local government agencies should contact their state workers' compensation board. a. a. The issuer may not make a profit. $88,700 d. birth certificate Store B has the same rug for $46 and is offering a $10 off coupon. must repay the loan in five to ten years. After reviewing her well-kept records, she cannot find anything that is incorrect. It will be easier for him to get a loan to buy the house. right to choose 4,500 d. 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