You can become a millionaire by investing under $50 a week for 50 years.
Rate of return for long term investments

Quiz
•
Mathematics
•
9th - 12th Grade
•
Medium

Rebecca Bates
Used 5+ times
FREE Resource
9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Investing is the same as saving.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you want to make a lot of money in an investment, it is best if you have a long period for it to grow.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
If you invest $100 per month at 15% interest for 10 years,approximately how much will you have total at the end?
Between $27,000 and $28,000
Between $12,000 and $14,000
Between $49,000 and $50,000
Between $120,000 and $130,000
5.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
If you invest $100 per month at 10% interest for 20 years,approximately how much will you have total at the end?
Between $27,000 and $28,000
Between $76,000 and $77,000
Between $49,000 and $50,000
Between $120,000 and $130,000
6.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
If you invest $100 per month at 10% interest for 50 years,approximately how much will you have total at the end?
Between $27,000 and $28,000
Between $76,000 and $77,000
More than $1,500,000
Between $120,000 and $130,000
7.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
If you invest $400 per month at 8% interest for 40 years,approximately how much will you have total at the end?
More than a million dollars
More than a billion dollars
A little bit less than a million dollars
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these statements could be the theme of today's lesson?
If you start early and invest your money, you could be a millionaire eventually.
It is really hard to become a millionaire in your lifetime.
You can become a millionaire in the next few years by investing a few dollars a month.
9.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you want money in the future, why is investing better than saving?
Investing can help your money get ahead of inflation
Investing can make your money grow a lot more than just saving can
Investing takes advantage of the wonder of compound interest
All of these are true
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