Welcome!

We are Ray and Georgina, counselors at City. Week of Service. Teens show kindness. Auction raises $3M. Are you ready for online learning? Roadblocks to getting into competitive universities. Community Colleges Train Doctors. On-site interviews. A dying father. 10K tip. Job Interviews at City College. Budgeting. Colleges that change lives. Jobs. Saving lives.

The veterans page: Crisis line. Military benefits. Veterans Day. Suicide awareness. A surprised 8-year-old. Honoring heroic dog. Honorably discharged veterans shop tax-free. Forever GI Bill. Father takes care of 4 children. Integrate Marine Training? Robotic legs. Costs of war. Saluting a fallen soldier. 300K Lotto winner. Vets and painkillers. Vet resources. Grandmother of veteran's family deported. Housing the homeless. Veteran finds healing through adopting a cat. Wounded Marines help others.

Empowering students to fulfill their dreams through education.


Saturday, August 26, 2017

Can You Answer These Money Questions?


70% of Americans can't answer these three money questions. Can you?

Question 1

Suppose you have $100 in a savings account and the interest rate is 2 percent per year. After five years, how much do you think you would have in the account if you left the money to grow?
A. More than $102
B. Exactly $102
C. Less than $102
D. I don't know


Question 2

Imagine that the interest rate on your savings account is 1 percent per year and inflation is 2 percent per year. After one year, how much would you be able to buy with the money in this account?
A. More than today
B. Exactly the same as today
C. Less than today
D. I don't know


Question 3

Do you think the following statement is true or false: Buying a single company stock usually provides a safer return than a stock mutual fund.
This article and answers to the above questions appeared on MSN Money.





Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)