Hei-Hei has $1500 in a retirement account earning 5% interest compounded annually. After 5 years how much does Hei-Hei have in the account?
AMDM - Unit 7 Test

Quiz
•
Mathematics
•
12th Grade
•
Easy
Matthew Maier
Used 19+ times
FREE Resource
7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
$1750
$2010.14
$2500
$1914.42
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Coach Maier once had a job where he made $24 an hour (he works 8 hours a day and five days a week). During that time, federal tax was 12%, state tax was 6.7%, Medicare was 2.3% and Social Security was 1.2%. He paid $210 for health insurance and saved 2% (before taxes) for retirement. How much was his MONTHLY take home pay?
$2943.28
$4160.00
$923.52
$3236.48
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Coach Maier started late in life saving for retirement. He is investing $390 each month in an account that earns 11% interest annually. If he started at 33 years old, about how much will he have when he retires at 68?
$1.6 million
$830k
$2.4 million
$150k
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Coach Maier bought his daughter a car. The cost of the car was $23,675.00. Tax was 6.8%. Title, registration and other fees were $1770. He made an $8,000 down payment. He got a five year (60 month) loan with an interest rate of 5.77%. What is his monthly payment?
$366.35
$236.75
$633.65
$577.00
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Coach Maier bought his daughter a car. The cost of the car was $23,675.00. Tax was 6.8%. Title, registration and other fees were $1770. He made an $8,000 down payment. He got a five year (60 month) loan with an interest rate of 5.77%. How much INTEREST will he pay?
$366.35
$2926.11
$1770.00
$2365.70
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