5 Steps Quiz (25 pts)
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- Question 1 of 20
1. Question
1. Which is Most Important?
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2. Question
2. If you used a credit card to buy a computer for $1,000 and made payments for 10 years at 21%, How much in total would you have paid?
CorrectIncorrect - Question 3 of 20
3. Question
3. If you used a credit card to buy a computer for $1,000 and made payments of $21 a month, (21%), After making payments for 4 years how much do you still owe?
CorrectIncorrect - Question 4 of 20
4. Question
4. With $10,000 in Credit Card Debt, Paying the minimum payment of $183, How much will you pay in interest?
CorrectIncorrect - Question 5 of 20
5. Question
5. With $10,000 in Credit Card Debt, If you increase your monthly payment from $183 to $395, How much will you save?
CorrectIncorrect - Question 6 of 20
6. Question
6. How much would you have if you put a dollar a day in a piggy bank for 66 years?
CorrectIncorrect - Question 7 of 20
7. Question
7. How much would you have if you put a dollar a day into a savings account at 3% for 66 years?
CorrectIncorrect - Question 8 of 20
8. Question
8. How much would you have if you invested $1 a day for 66 years with a 10% return?
CorrectIncorrect - Question 9 of 20
9. Question
9. How much would you owe if you spent $1 a day on a credit card at 21% for 66 years?
CorrectIncorrect - Question 10 of 20
10. Question
10. How much would you have if you doubled a penny each day for 40 days?
CorrectIncorrect - Question 11 of 20
11. Question
11. How long does it take for your Credit Card at 21% to double in cost?
CorrectIncorrect - Question 12 of 20
12. Question
12. What is the Dow?
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13. Question
13. What is the S&P Stock Index?
CorrectIncorrect - Question 14 of 20
14. Question
14. True or False: Over Time, Berkshire Hathaway (BRK.b) makes a higher rate of return than the S&P 500 and most mutual funds that are managed by professional money managers?
CorrectIncorrect - Question 15 of 20
15. Question
15. In order to not pay taxes on your investments, What kind of Retirement Account do you set up?
CorrectIncorrect - Question 16 of 20
16. Question
16. If you bought a $200,000 house for $180,000 at 8% for 30 years, how much would you have saved in interest?
CorrectIncorrect - Question 17 of 20
17. Question
17. If we reduce the interest from 8% to 6% How much would you save?
CorrectIncorrect - Question 18 of 20
18. Question
18. If we increase our payments from $1,079 to $1,518 how much would you save?
CorrectIncorrect - Question 19 of 20
19. Question
19. If you did all three Buy for less, Lower you interest & Increase your payment How much will you save?
CorrectIncorrect - Question 20 of 20
20. Question
20. Will you share the wealth of knowledge and tell others about Money Made Easy?
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