Unit Test — Unit test Answers

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What is an example of goods?

How are digital wallets different from Peer-to-Peer (P2P) systems for in-person payments?

If having a warranty on a car is important, a person should buy a car that is .

Explain how compound interest is better than simple interest when it comes to saving money.

Fiona wrote a check to the veterinarian for $89.56. She’ll use the check register to record her transaction. What will be her new balance?

How do bank loans help the nation’s economy?

How are online banking and E-checks similar?

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Marcus deposited his paycheck in the amount of $625.84. He’ll use the check register to record his transaction. What will be his new balance? Do not use commas in your answer. $

Which of the following is influenced by personal economic choices? Choose four answers.

In the formula I=P·r·t, what does r stand for?

A principal of $5,350 is placed in an account that earns 3.5% interest. If the interest is compounded annually, how much money will be in the account at the end of 4 years?

How much money would need to be deposited into an account earning 5.25% interest compounded annually in order for the accumulated value at the end of 25 years to be $75,000?

In which column on a check register should the total current amount in the account be entered?

Abigail has an account that pays 6.92% simple interest per year and wants to accumulate $5,896 in interest from this account over six years. How much money should Abigail invest in this account to meet this goal?

Aliyah made a payment in the amount of $47.93. She’ll use the check register to record her transaction. What will be her new balance? Do not use commas in your answer.$

Henry and Walter open savings accounts at the same time. Henry invests $6,500 at 4.54% simple interest, and Walter invests $7,100 at 4.74% simple interest. After eight years, how much more interest has Walter earned than Henry?