1) you are purchasing a house 12 years from now. the estimated purchase price is $171,600.00. you want to make a 20% down payment. you are trying to determine how much to save per month to reach your goal. if closing costs are 8.7%, how much additional money do you need to save per month to cover the additional expense?

$125.03

$85.14

$103.68

$105.29

2) you are a male who has a high school diploma. you plan to attend college and earn a bachelor’s degree. when you graduate from college, you get a job paying $40,780.00/yr. how does your pay once you graduate compare on a monthly basis to the median income degree level you obtained?

your actual earnings are $605.67/month less than the median.

your actual earnings are $605.67/month more than the median.

your actual earnings are $661.03/month more than the median.

your actual earnings are $661.03/month less than the median

3) you save $15,000.00. you place one-third in a savings account earning a 4.6% apr compounded annually. you then invest one quarter of the remaining balance in a 3-year u. s. treasury bond earning a 5.2% apr compounded annually and the rest in a stock plan. your stock plan increases in value 3% the first year, decreases 8% in value the second year, and increases 6% in value the third year. what is the total gain on your original saved amount?

$1,166.28

$1,297.31

$915.33

$1,260.70

4)you save $3,260.00 in a savings account earning a 3.55% apr compounded monthly. how much is the total interest earned by the end of the third month?

$21.02

$28.59

$27.01

$23.56

5)you are a male who has a high school diploma. you plan to attend college and earn a bachelor’s degree. when you graduate from college, you get a job paying $40,780.00/yr. how much less are you earning per year than the median?

$11,272

$4,772

$19,004

$10,485

6)you earn $17.50/hr and work 40 hr/wk. your deductions are fica (7.65%), federal tax withholding (12.3%), and state tax withholding (6.2%). your housing and fixed expenses are 30% of your realized income per month. you want to save 5 months' worth in an emergency fund within a year. after saving each month’s emergency fund money, how much discretionary money remains per month?

$1,188.98

$1,207.03

$994.56

$1,092.24

7)you save $15,000.00. you place one-third in a savings account earning a 4.6% apr compounded annually. you then invest one quarter of the remaining balance in a 3-year u. s. treasury bond earning a 5.2% apr compounded annually and the rest in a stock plan. your stock plan increases in value 3% the first year, decreases 8% in value the second year, and increases 6% in value the third year. what is the balance of the savings account by the end of the third year?

$4,618.81

$2,910.63

$3,910.02

$5,722.23

8)what is the yearly difference in median income at a master’s degree level for a female versus a male?

$15,600.00

$16,500.00

$17,000.00

$17,850.00

9)if you are given a 4% raise and inflation is 1%, you are

making 3% less

making 4% less

making 3% more