80 Answered Questions for the topic Financial Literacy

Financial Literacy

05/17/16

The minimum monthly payment for Alicia' credit card is 2% of her balance or 10$. If her balance at the end was $470. What is her minimum monthly payment?

Apex...   A. $9.40 B. $2.80 C. $10.00 D. $17.20
Financial Literacy

05/14/16

Correct answer?

From the options below, which is typically the most expensive on a yearly basis?A. Joining a carpool B. Renting a carC. Leasing a carD. Financing a car
Financial Literacy

05/14/16

Financial Literacy.... need help!

A new car has an MSRP of $22,450. It comes with a premium package priced at $2500, a navigation package priced at $500, and a destination charge of $400. What is the sticker price of this car?A.... more
Financial Literacy

05/11/16

Math problem.... please help!

A new car has an MSRP of $22,450. It comes with a premium package priced at $2500, a navigation package priced at $500, and a destination charge of $400. What is the sticker price of this car? A.... more
Financial Literacy

05/10/16

If the interest earned by a CD is compounded annually

If the interest earned by a CD is compounded annually, which rule is most accurate when calculating how long it will take the money invested in the CD to double?
Financial Literacy

05/06/16

Stuck! help!

If Apex Car Rental offers a $425 monthly rate, what would be the equivalent yearly rental rate? A. $8544 B. $7380 C. $6500 D. $5100
Financial Literacy

05/06/16

Help me please.

Jessica wants to rent a car for 4 days, and she's interested in the collision damage waiver but not the loss damage waiver. If the daily rate is $49 and CDW for the rental period is $42, what is... more
Financial Literacy

05/03/16

Need help??

ABC Bank requires a 20% down payment on all of its home loans. If a house is priced at $145,000, what is the amount of the down payment required by the bank? A. $14,500 B. $290,000 C. $18,000 D.... more
Financial Literacy

05/03/16

Please someone help me with this problem?

Given below are lease terms at the local dealership. What is the total cash due at signing?Terms:? Length of lease = 24 months ? MSRP of the car = $17,500 ? Purchase value of the car after lease =... more
Financial Literacy

05/01/16

Heeeelp!!!!!!!!!!!!!

Housing prices in a certain neighborhood average at $113.89 per square foot. If one house in this neighborhood is 1800 square feet, what should it be priced at? A. $139,750 B. $140,000 C. $165,000... more
Financial Literacy

04/30/16

How would i do this?

A new car has an MSRP of $22,450. It comes with a premium package priced at $2500, a navigation package priced at $500, and a destination charge of $400. What is the sticker price of this car?A.... more
Financial Literacy

04/29/16

Stuck on this... help!

What is the term for the price Kelley Blue Book considers to be the correct amount one should expect to pay for a car?A. Invoice price B. MSRPC. Book valueD. Market price
Financial Literacy

04/28/16

How would i get the answer?

The minimum monthly payment for Nadia's credit card is 2% of her balance or $10, whichever is higher. If Nadia's balance at the end of her last billing cycle was $350, what is her minimum monthly... more
Financial Literacy

04/28/16

Which one would be the correct answer?

The fee you must pay each month is known as the _____. A. finance charge B. minimum monthly payment C. annual fee D. annual percentage rate
Financial Literacy Personal Finance

04/23/16

Personal Finance

Ashley lives in a house with a value of 200,000. She has a mortgage of $150,000. She owes $6,000 on her car, which is valued at $18,000. She has a credit card balance of $800. Ashely also has... more
Financial Literacy

02/29/16

Need math help!

Tyler bought 20 shares of Wal-Mart at $48.80. A year later, he bought 20 more shares at $54.60. He later sold all his shares at tge price $62.80. Tyler's broker charges him 3% of each share as a... more
Financial Literacy

02/28/16

Please please help me with these questions!

which row on the stock quote table tells you if your stock has gone up or down after the market closes? which row helps you compare the stock's current performance with previous quarters? which... more
Financial Literacy

02/27/16

Myron put $5000 in a 2 year CD paying 3% interest, compounded monthl. After 2 years, he withdrew all his money. What was the amount of the withdrawal?

A)5155.18 B) 5556.18 C) 5000.00 D) 5308.79
Financial Literacy

02/13/16

Please help, i've been stuck on this problem for awhile now

Colette opened a CD 10 years ago at an interest rate of 8.8%, compounded quarterly. According to the rule of 72, when did she have half the amount of money that she has now? A. About 8.8 years ago... more
Financial Literacy

02/03/16

Please help, i'm so confused!

On January 1, 1990, Emilio deposited $1650 into a savings account paying 6.2% interest, compounded monthly. If he hasn't made any additional deposits or withdrawals since then, and if the interest... more
Financial Literacy

02/03/16

Which answer would it be? Please help!!!!!

According to the rule of 72, if Randall invests $700 and $1900 into two separate accounts with the same interest rate, which amount will double faster?A. $700B. $1900C. Both will double at the same... more
Financial Literacy

02/02/16

Much help needed! Please help!!!!!!

Suppose you have 125,000 in savings and you put in a bank account that earns 2% interest. How long would it take this amount to double?
Financial Literacy

02/02/16

Please, someone help me!

A $1000 deposit is put into a savings account. Which of the following compounding frequencies will ensure lowest interest earned in 7 years?A. Quarterly B. SemiannuallyC. Annually   D. Monthly
Financial Literacy

02/02/16

Please, help me out with this.

Devin invested $750 in a CD that pays 6% simple interest, calculated quarterly. How much money will Devin earn in 3 years?A. $75B. $125 C. $135 D. $50
Financial Literacy

02/01/16

Please, please help!

Over 2 years, how much more does $2000 in a savings account with an APR of 4.6% compounded semiannually earn in interest than the same amount in a savings account with an APR of 4.4% compounded... more

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