Investment Transactions and Account Management

The video tutorial by Mr. Ty covers lesson 20 of module 2 in Eureka Math, focusing on balance sheets and registers. It explains the purpose and use of balance sheets, provides a detailed example, and presents a problem involving an investment account. The tutorial guides students through filling out transaction statements, calculating annual gains or losses, and includes an exercise on transaction logs. The lesson emphasizes understanding financial transactions, fees, and the impact on account balances.

What is the primary purpose of a balance sheet?

• To track the number of transactions

• To calculate taxes owed

• To determine credit score

• To keep track of the amount of money available

What is the administration fee charged for each statement in the investment account problem?

• $10

• $15

• $20

• $25

How is the brokerage fee calculated for a withdrawal?

• 1% of the transaction amount

• 4% of the transaction amount

• 2% of the transaction amount

• 3% of the transaction amount

What should you do after recording a deposit in the transaction statement?

• Ignore it

• Subtract it from the balance

• Add it to the balance

• Multiply it by the brokerage fee

What is the first step in calculating the total gain or loss for a year?

• Add all deposits

• Subtract the initial investment from the final balance

• Multiply the final balance by the interest rate

• Subtract all withdrawals

What should be included in the summary after calculating the five-year gain or loss?

• The total gain or loss and whether it meets the target

• The total amount of fees paid

• The average balance over five years

• The number of transactions

In the exercise, what is the first step to determine the beginning balance?

• Add all deposits

• Subtract all payments from the ending balance

• Add the ending balance to the payments

• Multiply the ending balance by the interest rate

What is the final balance in the exercise's transaction log?

• $525.55

• $500.55

• $550.55

• $575.55

What type of numbers are used in recording investments and transactions?

• Prime numbers

• Whole numbers

• Imaginary numbers

• Rational numbers

What happens to the account balance when a withdrawal is made?

• It doubles

• It decreases

• It remains the same

• It increases