The “Rule of 72” is used to calculate the amount of years it…
The “Rule of 72” is used to calculate the amount of years it takes an investment to double or halve depending on an annual rate. Assuming you put $10,000 into an account with an annual rate of return of 6%, how long will it take you to have $20,000 in the account?
Read DetailsLiam’s car needs repairs, but he does not have an emergency…
Liam’s car needs repairs, but he does not have an emergency fund to cover the expenses. He decides that he needs his car repaired immediately and wants to finance the cost of the repairs. Liam can apply for a credit card and pay for the repairs using the credit card. If Liam cannot pay off the credit card when the payment is due, what will happen?
Read DetailsTiffany just got a $10,000 bonus from her most recent sale,…
Tiffany just got a $10,000 bonus from her most recent sale, utilizing the 60/20/20 rule, she knows that she should split that money into increments of: $6,000 $2,000 $2,000 Which of these should she put the $6,000 towards? (Choose all that apply)
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