1. the investment you make into a start=up company is also known as .
a. venture capital
b. first-time investment
c. entrepreneurial capital
d. beginning capital 2. the correct order for saving should be
a. emergency fund, retirements, pay off credit debts
b. retirements, emergency fund, pay off credit debts
c. pay off credit debt, emergency fund, and retirements
d. pay off credit debt, retirements, emergency fund

3. investing in stock plans is
a. low risk
b. high risk
c. fdic protected
d. a set increase in your original investment

4. to place savings into different types of saving instruments is to
a. split invest
b. diversify
c. divide invest
d. dilute your investing power

5. purchasing a home usually requires for the down payment.
a. a loan
b. a lump sum
c. a credit account
d. nothing

6. which of the following is not an example of a contract?
a. credit card
b. rental
c. lease
d. borrowing lunch money

7. gains and losses on investments are also known as
a. nets gains
b. return on investment
c. net investments
d. investment reward

8. the united states treasury issues for you to purchase.
a. grantor bonds
b. savings instruments
c. savings bonds
d. treasury instruments

9. you want to buy a used car for $8,648.00 plus 4.7% sales tax. you want to make a 5% down payment. how much is your down payment?
10. you want to buy a house in 9 years. the estimated cost is $175,800.00. you want to make a 20% down payment and closing costs are 7%. how much in total do you need save each month to reach your goal if you cover closing costs and the down payment?

11. you have a part time job that pays $4.70/hr and average tip are $3.85/hr. your deductions are fica (7.65%), federal tax withholding (12.3%), and state tax withholding (8.2%). you worked 13 hr/wk. you save 15% of your realized income each week. how much do you save per month?

12. you invest $1,050.00, buying stock in a company at $10.00/share. the shares increase in value by 13% the first year and decrease by 5% the second year. how much is the total value of your stocks in the second year?

13. you invest $2000 in a stock plan and another $2000 into a savings account. the stock plan decreases by 7% the first year and gains 10% the second year. a savings account earns 3.7% apr and compounds annually. what is the difference in earnings between the stock and savings account the end of the second year?

14. your parents are renting an apartment for you when you go away to college. an annual contract as $502 a month with a two month penalty if you break the lease. the month to month contract is $615 a month. how much is the difference and payments is you stay the whole year?

15. using the information from number 14, you leave after six months. how much is the difference in that amount paid between the two contracts?

16. you have direct deposit. your job pays $8.55 an hour and you were 15 hours per week. your deductions are fica (7.65%), federal tax withholding (10.4%), and state withholding (7.7%). how much is deposited by - weekly?

17. you have housing and fixed expenses of $631.72/month and they are 33% of your realized income. what is a realized income per month?

18. you had housing and fixed expenses of $813.52/month. you want to have a 6-month emergency fund and you want to have funded in 18 months. how much must you save per month?

19. you have $5000 and invest 60% of it in stocks while leaving the rest in a savings account earning a 4.9% apr. the stock increases 9% in the first year and loses 4% of its value the second year. what is the total amount gained during the two years? what would the gain have been if all of the investment have been left in the savings account?

20. you want to purchase the house in 10 years. you estimate the cost will be $184,500. you want to make a 20% down payment and pay closing costs, which are 8.5%. how much of the down payment and closing costs? how much do you need to save each month to reach your goal?

#1) The investment you make into a startup company is also known as .

Out of all the options that are available the one that is an investment you make into a startup company is also known as Venture capital. The reason being the it is the financial capital provided to early-stage, high-potential, high risk, growth startup companies. Therefore the correct answer is A).

#2) The correct order for saving should be ___.

Out of all the options that are shown above the one that represents the correct order for saving is D) Pay off credit debt, retirements, emergency fund.

#3) Investing in stock plans is .

Out of all the options that are shown above the one that represents the best accurate description of what investing in stock plans is would be choice B) High risk. The reason being that there are many disadvantages to the employer.

#4) To place savings into different types of saving instruments is to ___.

Out of all the options above the one that represents what it is to place saving into different types of saving instruments is A) Split invest.

#5)  Purchasing a home usually requires for the down payment.

Purchasing a home usually requires a lump sum of your own money to put against the cost of your home. The more money you place from you pocket, the less you need to borrow, and the lower your overall interest cost will be. Therefore the answer is B) A lump sum of money.

#6) Which of the following is not an example of a contract?

Out of all the options that are presented above the one that is not an example of a contract is D) Borrowing lunch money. A contract not only has to be between two or more parties but, it must also be enforceable by the court of law.

#7) Gains and losses on investments are also known as .

The gains and losses on investments are also known as A) Net gains. Because it is the overall improvement after all positive and negative influences have been fully accounted for.

#8) The United States Treasury issues ___ for you to purchase.

It issues C) Saving bonds for you to purchase.

#9) You want to buy a used car for $8,648.00 plus 4.7% sales tax. You want to make a 5% down payment. How much is your down payment?

After calculating the total cost of the car including sales tax I got $9054.47. The amount of money for your down payment of 5% is $452.723, leaving you with a loan of $8601.747.

#10) You want to buy a house in 9 years. The estimated cost is $175,800.00. You want to make a 20% down payment and closing costs are 7%. How much in total do you need save each month to reach your goal if you cover closing costs and the down payment?

For the 20% down payment we have $35,160 and for the closing cost $12,306. We know that 9 years have 108 months. With this information we get that we will need to save $325.56 each month for the down payment and $113.94 each month for the closing costs.

#11) You save 15% of your realized income each week. How much do you save per month?

After calculating the total money made hourly we get a total of $8.55. This means that we make a total of $111.15 a week. The total percentage of taxes is 28.15%. Our net is 71.85%. That leaves us with total of $79.86 dollars weekly. Now to calculate our savings weekly we take $79.86 and multiply it by 15% and we get $11.98 as our weekly savings. The total amount of money we get to save per month is $47.92.

#12) How much is the total value of your stocks in the second year?

Okay so first we have to know the total number of shares that we bought. For this we simply take our investment and divided by $10/share. We get 105. Then we calculate the value of our shares for the first year which would be $11.3 and after two years $10.735 because it decreased by 5%. As a result our total value of stocks in the second year is $1127.175.

#13) What is the difference in earnings between the stock and savings account the end of the second year?

After calculating the stock and savings account total I found out that the difference in earning between them is $104.738.

#14) How much is the difference and payments is you stay the whole year?

All we have to do is calculate the total amount of the lease which is $502*12 = $6024. Then the month to month contract which is $615*12 = $7380. From here we simply subtract to get the difference in payment if you stay the whole year. The difference is $1356.

#15) Using the information from number 14, you leave after six months. How much is the difference in that amount paid between the two contracts?

For this case we will have to take into account the penalty for breaking the lease. So for the lease we will get $4016 and for the month to month contract we get $3690. The difference is $326.

I hope it helps, Regards.