Akua and Dofi each want to save money. They each make a plan to save $100 Euro a month for the next 10 years. Akua puts his savings into a box each month. Dofi puts his savings into an account paying 4.5% interest. At the end of 10 years how would you expect the totals saved to compare?Group of answer choicesAkua's total and Dofi's total are likely similar if not the same.Dofi's total will be 4.5% greater than Akua's total because the interestAkua's total will likely be much greater than Dofi's total because of the safety his savings have.Dofi's total will likely be 3000 or more Euro greater than Akua's total because of the interest his savings gain.Dofi's total will likely be more than ten times Akua's total because of the time of the savings.

Adam and Enzo want to save money. They each make a plan to save 200 Euro a month for the next 10 years. Adam puts his savings into a box each month. Enzo puts his savings into a bank account paying 2.5% interest. At the end of 10 years how would you expect the totals saved to compare?Group of answer choicesAdam's total will likely be much greater than Enzo's total because of the safety his savings have.Adam's total and Enzo's total are likely similar if not the same.Enzo's total will be 2.5% greater than Adam's total because the interestEnzo's total will likely be more than ten times Adam's total because of the time of the savings.Enzo's total will likely be 3000 or more Euro greater than Adam's total because of the interest his savings accru

Sofia and Elena want to save money. They each make a plan to save 2000 pesos a month for the next 10 years. Sofia puts her savings into a clay pot each month. Elaina puts her savings into a bank account paying 2.5% interest. At the end of 10 years how would you expect the totals saved to compare?Group of answer choicesElena's total will likely be more than ten times Sofia's total because of the time of the savings.Sofia's total will likely be much greater than Elena's total because of the safety her savings have.Elena's total will likely be 30000 or more pesos greater than Sofia's total because of the interest her savings accrue.Elena's total will be 2.5% greater than Elena's total because the interestSofia's total and Elena's total are likely similar if not the same.

Ayra and Zimi each want to save money. They each make a plan to save 200 Euro a month for the next 10 years. Ayra puts her savings into a box each month. Ximi puts her savings into a bank account paying 2.5% interest. At the end of 10 years how would you expect the totals saved to compare?Group of answer choicesZimi's total will be 2.5% greater than Ayra's total because the interestZimi's total will likely be more than ten times Ayra's total because of the time of the savings.Zimi's total will likely be 3000 or more Euros greater than Ayra's total because of the interest her savings accrue.Ayra's total will likely be much greater than Zimi's total because of the safety her savings have.Ayra's total and Zimi's total are likely similar if not the same

If the interest rate on a saving account is now 1% and becomes 0.5% next year, the investor who starts investingA.in a saving account now will get 1% for the first year and 0.5% for the second year.B.in a saving account in one year time will get 0.5% the first year and for sure 0.5% in the second year.C.in a saving account now will get  1% in the first year and 1 % in the second year.D.in a saving account in one year time will get 1% in the first year1 points   QUESTION 5An accumulation superannuation account ____________.A.can generate defined benefitsB.is producing a lump sum that is defined by the wages in the last years of workC.is producing an income stream that is determined by the wages in the last years of workD.can pay a lump sum at the time of retirement1 points   QUESTION 6Which of the following is NOT correct?A difference between bonds and shares is that: A.the value of money received from selling shares is not known in advance while the value of money received from selling a bond in the secondary market is known in advance.B.bonds are liabilities for the issuer while shares never need to be repaid by the issuer.C.bonds are issued by governments or companies while shares are issued only by companiesD.bonds pay a fixed regular stream of income and shares pay a fluctuating stream of income

1. Tom decides to save money to buy his dream car. He deposits $8,000 into a savings account with an annual interest rate of 6%. Calculate the simple interest after 3 years.*4 points$1,140$1,240$1,340$1,4402. Emily starts saving for her college education by depositing $12,000 into an education fund with an annual interest rate of 5%. Calculate the simple interest after 4 years.*4 points$1,400$2,400$3,400$4,4003. Mark is saving for a home renovation project. He deposits $15,000 into a savings account with an annual interest rate of 8%. Calculate the total amount after 2.5 years.*4 points$12,000$14,000$16,000$18,0004. Alex invests $25,000 in a small business with an annual interest rate of 9%. Calculate the simple interest after 2 years.*4 points$1,500$2,500$3,500$4,5005. A group of friends (5 members) decides to start a vacation savings club. Each friend contributes $500 to the club every year, and the total amount is deposited into a savings account with an annual interest rate of 4%. Calculate the total amount in the savings account after 5 years.*4 points$1,000$2,000$3,000$4,000