1. On Jordan's 20th birthday he decides to invest 10,000 that he has saved. He will not be adding any money to the initial investment. He projects that the investment will earn 8% per year. Based on these assumptions, how much money should Jordan expect to have when he turns 60?
A. $217,245.21
B. $187,518.64
C. $46,789.33
D. $312.589.66
E. $98,514.57
F. $209,987.33
2. On Jordan's 20th birthday he decides to invest 10,000 that he has saved. He will not be adding any money to the initial investment. He projects that the investment will earn 10% per year. Based on these assumptions, how much money should Jordan expect to have when he turns 60?
A. $452,592.56
B. $278,582.56
C. $427,986.56
D. $438,478.56
E. $397,567.56
F. $301,578.66
3. Shakeria wants to start investing. She decides to put $1,000 in her investment account and then decides to add $5,200 (which is one hundred dollars per week) into the account at the end of each year. She expects her investments to earn an average of 9% over the next 30 years. How much will she have at the end of the 30 years?
A. $689,364.25
B. $254,369.25
C. $674,689.33
D. 356,543.89
E. $701,055.34
F. $722,066.88
4. Shakeria wants to start investing. She decides to put $1,000 in her investment account and then decides to add $5,200 (which is one hundred dollars per week) into the account at the end of each year. She expects her investments to earn an average of 9%, and is investing over the term of 40 years. How much will she have at the end of the 40 years?
A. 1,238,547.66
B. 1.788,398.13
C. 1,897,384.66
D. 1,254,642.98
E. 2,121,361.87
5. Randolph has $20,000. He invests his money and expects to earn 9% on the investment. Approximately how many years will it take for his investment to become $80,000? Use the rule of 72 to figure this out.
A. 8
B. 12
C. 18
D. 30
E. 24
F. 16
6. Use the rule of 72 to determine the following investment result. Amaya has $10,000. She expects to earn 7.2% on her investments portfolio. How long will it take forher investment to double?
A. 10 years
B. 9 years
C. 8 years
D. 7 years
E. 11 years
F. 7.2 years
7. Which of the following inestments would be considered the most liquid?
A. A standard savings account
B. Real Estate
C. A one year CD
D. A 401k
8. Which type of account would most financial advisors prefer for you to keep your reserve fund? Choose the best answer.
A. 529
B. 403b
C. checking account
D. savings account
E. 401k
9. Jair invested his money and earned 12% over the last year. Over the same duration, the inflation rate was 4%. What is his real rate of return.
A. 4%
B. 8%
C. 12%
D. 16%
10. Makeria bought an investment for $300 and sold it two years later for $360. What was her ROI in Dollars?
A. $60
B. 0.20
C. $300
D. $360
11. Makeria bought an investment for $300. Two years later she sold it for $360, what was her total ROI as a percentage?
A. 20%
B. 10%
C. 360%
D. 300%
12. Makeria Invested $300 and then sold her investment 2 years late for a total of $360. What was her average annual ROI? (choose the closest answer)
A. 20%
B. 10%
C. 360%
D. 300%
