1. to trade stocks in a stock market is called all of these EXCEPT ____.
exchange
buy/sell
trade
open market
2. Closing costs are calculated based on ____.
down payment made
selling price of the house
loan amount minus down payment
selling price of the house minus down payment
3. Which savings instrument is considered the riskiest?
stock
CD
Treasury Bond
savings account
4. When a stock increases in value, you have a ____.
loss
increase
decrease
gain
5. You want to purchase a house in 7 years. The estimated cost is $180,000.00 and you want to make a 20% down payment.

Question

1. to trade stocks in a stock market is called all of these EXCEPT ____.
exchange
buy/sell
trade
open market
2. Closing costs are calculated based on ____.
down payment made
selling price of the house
loan amount minus down payment
selling price of the house minus down payment
3. Which savings instrument is considered the riskiest?
stock
CD
Treasury Bond
savings account
4.  When a stock increases in value, you have a ____.
loss
increase
decrease
gain
5. You want to purchase a house in 7 years. The estimated cost is $180,000.00 and you want to make a 20% down payment.

anonymous · Answer

How much do you need to save per month in order to cover your down payment?

6. You are planning to attend a 2-year college at a cost f $8,278.00/ yr for your associate's degree and then 2 years more at a university costing $14,675.00/yr for your bachelor's degree. Your parents want you to pay 10% of the cost. How much of your higher education cost is your responsibility?

7. You have a part-time job paying $8.95/hr and your deductions are FICA (7.65%), federal tax withholding (9.3%), and a state tax withholding (5.8%). You save $30.00/wk for a savings account. If you work 15 hours/wk how much discretionary income is left each week? Assume that all of the income from your part-time job is discretionary.

8. You invest $3,756.00 and buy 100 shares of a company's stock. Their value increases by 12%. How much is each share worth?

9. You invest $5,175.00 in a stock plan. It increases 9% the first year, and then loses 5% of its value the second year. What is your gain compared to the original investment?

10.  Your parents are planning to rent you and apartment when you go to college. The annual contract is $535.00/month with a 2 month penalty for breaking the lease. The month-to-month contract is $615.00/month. What is the difference in the amount paid if you leave after 8 months?

anonymous · Answer

where are the answer to chose from

anonymous · Answer

1-4 the answer choices are right underneath the questions and for 5-10, you have to give your own answers

anonymous · Answer

question 1 i think d
2  down payments made
3 cd
4 increase 
5 30% 
6  46