80 Answered Questions for the topic Financial Literacy

Financial Literacy

02/01/16

I would be so thankful if somebody helped me with this problem

Penelope's average balance checking account pays simple interest of 1.2% annually, and she made $1.25 in interest last month. What was Penelope's average balance last month?A. $1.25B. $12.50C.... more
Financial Literacy

12/19/15

Karyn, a high school teacher, is considering remodeling her home and is looking for a loan with the lowest interest rate. Which of the following financial insti

A. Educators credit union B. Commercial bank C. Investment bank D. Savings and loan institution
Financial Literacy

12/18/15

Savings accounts are different from investments in that they:

A. are FDIC-insured up to $100,000. B. carry a risk of losing money. C. typically have lower earning potential. D. are only available at savings banks.
Financial Literacy

12/17/15

Which of the following is a service that banks provide?

Which of the following is a service that banks provide? A. Access to cash B. Insuring vehicles C. Printing paychecks D. Printing money
Financial Literacy

12/13/15

Help me w/ this problem, please!

Alana's employer purchased a health insurance plan that costs $565 per month and requires that Alana pays $125 toward the plan. What is the annual value of the employer's contribution? A. $4560 B.... more
Financial Literacy

12/12/15

Can anybody help me w/ this?

Alana's employer purchased a health insurance plan that costs $565 per month and requires that Alana pays $125 toward the plan. What is the annual value of the employer's contribution? A. $4560 B.... more
Financial Literacy

12/12/15

I'm confused... help.

Last year Preston contributed $125 toward his 401(k) account each month. If his employer matched 14% of his contributions, what was the total amount contributed to the 401(k) at the end of the... more
Financial Literacy

12/12/15

How do i do this?

Connor heard that as a general rule, he should spend no more than one week's pay on rent. If Connor's salary is $29,000 per year, what is the maximum amount per month that he should spend on rent? ... more
Financial Literacy

12/09/15

Much needed help!

Anita's take-home pay is $2200 a month. She spends 14% of her take-home pay on groceries. How much is Anita's monthly groceries bill? A. $338 B. $225 C. $308 D. $387
Financial Literacy

12/09/15

Helpppppppp please!

Nicole heard that as a general rule, she should spend no more than one week's pay on rent. If Nicole's pay is $32,000 per year, what is the maximum amount per month that she should spend on rent?... more
Financial Literacy

12/09/15

Please, please help?????

Last year Javier contributed $225 toward his 401(k) account each month. If his employer matched 12% of his contributions, what was the total amount contributed to the 401(k) at the end of the yea
Financial Literacy

11/06/15

Write and solve an inequality for the amount he must still save. Cost of bike is $375.95, he has saved $285.50.

Write and solve an inequality for the amount he must still save.  Cost of bike $375.95, he has $285.50
Financial Literacy Buisness

06/12/15

How does non-exempt property figure into the process of Chapter 7?

A. A court gives a debtor's non-exempt property to the creditors. B. A court sells the debtor's non-exempt property and gives the earnings to creditors. C. A creditor holds the non-exempt... more
Financial Literacy Math

11/16/14

how to find percent increase?

When Mary and Jack bought their house, their property taxes were $3,630 annually. After 8 years, their property taxes are now $4,065.60. What percent increase is this?
Financial Literacy

11/11/14

help with this question don't understand it.

Bill is looking for original taillights for his 1942 Ford. The prices vary depending on the condition. He finds these prices:$450, $100, $180, $600, $300, $350, $300, and $400.What do the outliers... more
Financial Literacy

10/24/14

financial literacy

If you borrow $120,000 at an APR of 7% for 30 years, you will pay $798.36 per month. What is the total interest paid on the 30-year mortgage?
Financial Literacy Math

10/24/14

can someone help me with this math problem?

United Bank offers a 15-year mortgage at an APR of 6.2%. Thalia wants to borrow $120,000. What would the monthly payment be from United Bank
Financial Literacy Math Math Help

10/24/14

can someone answer this mathematical question?

The Smiths took out a $130,000, 30-year mortgage at an APR of 6.5%. The monthly payment was $821.69. What will be their total interest charges after 30 year?
Financial Literacy

10/22/14

Please Help!

Abe makes $18.50 per hour. He works 37 hours a week. He pays 23% of his gross earnings in federal and state taxes and saves 5% of his monthly gross income. He is considering renting an apartment... more
Financial Literacy

10/22/14

help! don't understand this problem.

Jessica's financial advisor believes that she should spend no more than 28% of her gross monthly income for housing. She has determined that amount is $1,400 per month. Based on this amount and her... more
Financial Literacy Finance

10/22/14

financial literacy homework, help. Please explain

Use the interval 25%-30% to find the monetary range that is recommended for the monthly housing budget in each situation. Round to the nearest dollar.Mark makes $86,000 per year.
Financial Literacy

10/08/14

Help! don't understand this problem.

Last year Liam Brown calculated his net worth.Consider Liam Brown's current situation as listed below. This year, Liam saw an increase of $34,800 in his net worth from last year.What reasons do you... more
Financial Literacy

10/08/14

Help! don't understand this problem.

Bob Forrester is retired and owns a home. Two years ago, Bob's net worth was $650,000. Last year, his net worth was $740,500. What is the approximate percent of increase or decrease between two... more
Financial Literacy Math Finance

10/08/14

financial aid

Bob Forrester is retired and owns a home. Two years ago, Bob's net worth was $650,000. Last year, his net worth was $740,500. What is the approximate percent of increase or decrease between two... more
Financial Literacy Finance

10/08/14

homework help with financial aid

Last year Liam Brown calculated his net worth.Consider Liam Brown's current situation as listed below. This year, Liam saw an increase of $34,800 in his net worth from last year.What reasons do you... more

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