1. If you are living on your own with no outside financial support, what five bills would you have to pay on a monthly basis? Estimate the cost for each. 5 points. 2.) What do you plan to do in order to save for your future, specifically retirement? 3 points. 3.) Place the following three investments in order from the & quot; riskiest" to the least "risky". 3 points. a. Money Market Mutual Funds b. Insured Savings Accounts C. Real Estate 4.) When discussing investments, what is the relationship between "risk" and "return"? 4 points. 5.) Define progressive, regressive, and proportional taxes. 6 points. 6.) List the factors that affect credit worthiness. There are five factors, extra points if you get the percentages correct! 5 points. 7.) Explain the difference between simple and compound interest rates. 4 points. 8.) Explain the difference between fixed and variable interest rates. 4 points. 9.) Why are neurosurgeons (brain doctors) paid more than grocery store managers? 4 points. 10.) What are the costs and benefits of using credit cards? 4 points 11.) If you are hiring employees for your new advertising business, what three "work place/soft skills" would you look for? 4 points. 12.) How would an increase in sale tax affect an average high school senior differently than a person who brings home a six-figure paycheck every month? 3 points. 13.) Explain the impact of property taxes on individuals and communities. Specifically, what do they pay for and how could it lead to "gentrification"? 5 points. 14.) If income taxes increase on a family of four, what happens to the amount they have been putting aside in their savings account? 3 points. 15.) When shopping for a loan, do you want a high interest rate or a low interest rate? Do you want that interest rate to be a simple interest rate or a compound interest rate? If the interest rate is compound, do you want it to compound monthly or every three months (quarterly)? 6 points. 16.) Your income is $140 a week as a high school senior. You have no money set aside and your family looks at you as though you came from another planet when you ask for the smallest amount of cash. Your senior dues of $430 are due in two months. You pay your own car insurance of $200 each month. Your friends want to go see Avengers: End Game in IMAX 3D, which has a $42 ticket this weekend, don't forget some cash for food. You also must pay $35 gas every two weeks so you can avoid riding the bus and get to work on time. Create a budget. 

Answer rating: 100% (QA)

1 Five bills you would have to pay on a monthly basis estimated costs a RentMortgage 1000 b Utilities electricity water gas 150 c Internet and cable 75 d Groceries 300 e Transportation car payment ins... View the full answer