20-10 Rule Personal Finance
Authored by Janelle Morales
Other, Life Skills
9th - 12th Grade
Used 29+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
If your annual net income is $45,000. What is the maximum amount you could safely borrow?
$6,000
$7,000
$8,000
$9,000
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
If your annual net income is $45,000. What is the maximum MONTHLY PAYMENT you could afford to pay?
$300
$320
$350
$375
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
If your annual net income is $29,000. What is the maximum MONTHLY PAYMENT you could afford to pay?
$201.64
$241.67
$350.94
$566.07
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
If your annual net income is $29,000. What is the maximum amount you could safely borrow?
$5,000
$5,200
$5,800
$6,000
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
If your annual net income is $10,200. What is the maximum amount you could safely borrow?
$2,040
$3,900
$5,800
$6,000
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
If your annual net income is $10,200. What is the maximum MONTHLY PAYMENT you could afford to pay?
$70
$80
$85
$93
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
If your annual net income is $23,500. What is the maximum amount you could safely borrow?
$4,040
$4,700
$5,000
$5,900
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