Everfi Study Guide (right answers) 100% Correct
Answers | Verified | Latest 2024 Version
Use the rule of 72 (72/F=T) to calculate how long it will take for your money to double if it's earning 6%
in interest: - ✔✔It will take 12 years to double.
Use the information above to answer the following question: What can you tell about Asim's finances? -
✔✔She is $25 in debt.
What type of interest will most benefit you financially? - ✔✔Compound interest + a stock.
Give examples of types of savings vehicles? (May be more than one) - ✔✔-Savings account
-Money market account
-Certificate of deposit
Use the above figure to answer the following: The first set of numbers (74894934) on the check
represents the: - ✔✔Routing number
Use the above figure to answer the following: The set of numbers (101) on the top-right of the check
represents the: - ✔✔Check number
Which type of bank account typically offers no interest? - ✔✔Checking account
Which forms of borrowing typically have the highest fees? - ✔✔Payday lender
Which types of payment types typically has the lowest fees or cost to use? - ✔✔-Debit card
-Prepaid
-Credit card
