Interests & Investments
What is the safest investment?
Certificate of Deposit
What is the primary difference between fixed and variable expenses?
Fixed expenses remain the same, while variable expenses change each month
A weekly pay is how many pay periods a year?
52
The amount of money that you agree to pay up front for your home.
Down Payment
what is the written record of all transactions in your checking account called?
check register
What is the Interest earned on $4,250 at 4% for 3 years
$510
If you earn $1,000 per month and spend $800 on fixed expenses, how much do you have left for variable expenses?
$200
Sam Stevens, a mechanical engineer, earns an annual salary of $74,500. What is his biweekly salary?
$2,865.30
The cost of shipping the vehicle from the factory to the dealer
Destination Charge
What do you call the sum of money you put into your bank account.
Deposit
Tracy purchased 50 shares of stock at $115.80 per share. Find the cost of the stock.
$5,790
The Huerta family budgeted $2,480.00 for total expenditures in March. They spent $2,556.71. How much more did they actually spend than they budgeted?
$76.71 more
Your gross weekly pay is $760, and $92 is withheld for taxes. What is your net pay?
760 − 92 = $668
Joe Manton leased a minivan. He pays $350.00 per month for 36 months. His deposit was $2,999.00. He paid a $77.50 title fee and a $48.90 license fee. What is his total lease cost?
$15,725.40
What is the amount that you are required to pay for any repair bill.
Deductible
Calculate Tony’s total profit if he bought 25 shares at $100 and sold at $125 per share.
$625
Jean Anderson spent $356.72 for groceries in June, $298.76 for groceries in July, and $410.82 for groceries in August. What is her average monthly expenditure for groceries? Round to the nearest cent.
$355.43
If you earn $1,120 and 12% total taxes are withheld, how much is deducted?
1,120 × 0.12 = $134.40
Micheal and John pork are purchasing a $361,000 home in Colorado. They agree to a 20% down payment. What is the cost of the down payment?
$72,200
What does credit invisible mean?
No credit history
You earn $1,260 in simple interest at a rate of 7%. How much was the original principal if the investment lasted 3 years?
$6,000
What is the monthly share of the annual expenses if the total annual expenses are $12,000?
$1000
You earn $15.75 per hour and work 38 hours with 6 hours of overtime at time-and-a-half. What is your total pay
$740.25
Mike Tyson is shopping for a 4-wheel drive vehicle with a base price of $22,195. He wants to add a dashcam for $299, hood deflectors for $89, and floor mats for $100. The destination charge is $995. What is the sticker price?
$23,678
What is the amount you pay each year for insurance coverage called?
Annual premium?