Stock Market
This main purpose of this market is to do what?
What is Invest?
What are retirement savings?
What is money received after you stop working?
What is life insurance?
What is financial protection?
What does “diversify” mean in investing?
Investing in different accounts to have a variety of stock.
What are utilities? Name two.
Services Paid in a home. Ex: Gas, Water, Electric, Trash
the three major forms of investments?
What is index funds, bonds, and individual stock?
What does r, n, t, and pv stand for in the future value formula?
r= interest rate, n= times interest is compounded, t= time, and pv= present value
What is a beneficiary and premium?
A person chosen to receive benefits and the cost of a plan.
What is the safest type of investment?
What is high yield savings account?
A kitchen mixer requires 125 watts. Convert this to kilowatts.
0.125 kilowatts
This investment type is very risky.
What is individual stock?
What is the difference between an IRA and 401K plan?
What is one is self sponsored, and the other is sponsored by employer?
A life insurance premium cost $50 a month for a policy of $500,000. How much would it cost to have this policy for 15 years.
$9,000
What is one thing that happen to money stored at home?
What is fire, robbery, natural disaster?
2.75 Hours
Explain the difference between an individual stock and an Index Fund. Include risk comparison.
Individual stock is just one company (Riskier) (ex: Apple, Microsoft). An index fund is a bundle of companies.(Safer)
When do you get a 401k plan?
What is when you get a full time job, usually 40+ hours?
What are the main types of Life Insurance?
What is accidental, Natural Causes, Universal?
What are three types of accounts?
What is high yield savings, bonds, index funds, real estate?
AC usage during the summer. Heater usage during the winter.
What are the three most popular online brokerage accounts?
What is fidelity, Schwab, and Vanguard?
Ricky is 35 and will retire at 70. He deposits $400 each month into an account paying 3% interest compounded monthly. How much will he have in his retirement?
What is to support a lifestyle after they stop working?
A life insurance premium is $86 a month, what is the total cost for a 5 year term?
What is $5,160?
Amelia receives $90,000 inheritance and puts 20% in growth stock, 25% in income stock, 15% in corporate bonds, remainder in a CD. How much goes into the CD?
$36,000
A Playstation 5 requires 200 watts. How much would it cost to play it for a total of 3 hours at a rate of $0.21 per kilowatt-hour? (Round to the nearest hundreds place)
$0.13