Financial Goals Answers

Trevor earns $7.80 an hour take home pay and works 20 hours each week. Trevor wants to buy a new laptop computer to take to college that costs $780. How many weeks will it take for Trevor to achieve his goal?a.4 weeksb.5 weeksc.6 weeksd.7 weeks

Sheila has a plan to save $45 a month for 18 months so that she has $810 to remodel her bathroom. After 13 months Sheila has saved $510. If the most Sheila can possibly save is $70 per month, which of the following statements is true? a. Sheila will meet her goal and does not need to adjust her plan. b. Sheila must save $50 per month to achieve her goal. c. Sheila must save $60 per month to achieve her goal. d. Sheila will not be able to achieve her goal. Please select the best answer from the choices provided

Two plans for reaching a goal are given below.Plan A: Save $450 over the next 8 weeks by working 9 hours per week at $7.20 per hour.Plan B: Save $450 over the next 6 weeks by working 15 hours per week at $6.50 per hour.Which of the following is a true statement?a.Only plan A will work for achieving the goal.b.Only plan B will work for achieving the goal.c.Both plans will work for achieving the goal.d.Neither plan will work for achieving the goal.

Breanna works in the mall and her hours increase during busy shopping times of the year. Breanna has a plan to save $25 each week for 5 weeks, and then increase that amount by $20 for the next 7 weeks during the busy time, then go back to $25 per week. If Breanna’s plan is to save $540, how many weeks total will she need to save? a. 11 weeks b. 16 weeks c. 22 weeks d. 23 weeks Please select the best answer from the choices provided

Drake wants to save $750 so that he can take a class on computer analysis for cars. The class is being held on various dates over the next several months. Drake is planning to take the class 6 weeks from now, so he plans to save $125 each week. Unfortunately, Drake had to take out a little money from his savings in the 3rd week. After 4 weeks, Drake has $470. He knows that he must adjust his plan in order to meet his goal. Drake came up with the following options: Option A: Stay with saving the original amount each week but take the class a week later than originally planned. Option B: Increase the amount of money he saves each week by $15 from his original plan. Which of the following is a true statement? a. Only option A will allow him to meet his goal. b. Only option B will allow him to meet his goal. c. Both options A and B will allow him to meet his goal. d. Neither option A nor option B will allow him to meet his goal. Please select the best answer from the choices provided

To be able to go on the band trip, four band members each get a part-time job. Each person has 5 weeks in which to save his or her money. Analyze the four individual plans below and decide which of the four people will reach his or her goal of saving $285? Member A: Works 8 hours per week at $6.15 per hour Member B: Works 10 hours per week at $5.85 per hour Member C: Works 7 hours per week at $7.25 per hour Member D: Works 9 hours per week at $6.35 per hour a. A and B b. A and C c. B and C d. B and D Please select the best answer from the choices provided

Fran brings home $225 per week working 15 hours of which she is able to save $40. Fran wants to have $1,400 saved at the end of 20 weeks. She may work up to 18 hours per week if she wants. She can save all of the money earned working the extra hours. Which of the following statements is true? a. Fran must work at least 15 hours per week to meet her goal. b. Fran must work at least 17 hours per week to meet her goal. c. Fran must work at least 18 hours per week to meet her goal. d. Fran will not be able to reach her goal. Please select the best answer from the choices provided

Vicki works 19 hours per week. Her take home pay is $17.30 per hour. If Vicki is able to save all of her earnings, how long will it take her to save at least $4,000?a.12 weeksb.13 weeksc.14 weeksd.15 weeks

Two plans for reaching a goal are given below.Plan A: Save $450 over the next 8 weeks by working 9 hours per week at $7.20 per hour.Plan B: Save $450 over the next 6 weeks by working 15 hours per week at $6.50 per hour.Which of the following is a true statement?a.Only plan A will work for achieving the goal.b.Only plan B will work for achieving the goal.c.Both plans will work for achieving the goal.d.Neither plan will work for achieving the goal.

Yvonne has a goal of buying a brand new home within a year. She's afraid that she will be unable to save the money that she needs for a down payment. Which of the following should not be part of Yvonne's plan for achieving her goal of buying a home?a.Delay buying the home for a few monthsb.Borrow the money for the down payment and pay it back laterc.Adjust her budget to save more each monthd.Take on a part-time job to earn extra income