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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Unit 1 Milestone 1

Unit 1 Milestone 1

Q 1. Which of the following is an example of informal networking? 2. Vicki invests $50,000 today and wishes to know how much this money will grow in 3 years if she earns 10% interest every year. 3. Which of the following relates to the concept of interest? 4. Every year Tina deposits $1,000 in an account that accumulates an interest of 5% annually. Calculate the amount of money that Tina will obtain at the end of 3 years. 5. Ally uses her technology skills and a spreadsheet to track her monthly expenses. She wants to use her fixed expenses for the last month to project her total fixed expenses for the year. Her expenditures on rent, an auto loan, credit card debt, and her student loan are entered in cells B1 to B5, and her total expenses for January are in cell B6 of her spreadsheet. What should Ally use to project her total expenses for the year?

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2. The future value of a lump sum invested today 3. Carl deposits $100 in a savings account and obtains $140 at the end of one year. 4. At the end of 3 years, Tina will have $3,153 in her account. 5. =B6*12 6. Choosing to buy a bike instead of a car