3.0 Unit 3 Assessment

2.4 months

4 months

5 months

6 months

1-3 month of expenses

3-6 month of expenses

6-9 months of your salary

1-2 years of expenses

Wages have increased at a slower rate than those costs

Wages have increased at the same rate as those costs

Wages have increased at a faster rate than those costs

Wages have decreased as those costs have increased

529 plans can be used for education expenses while HSAs can be used for health expenses

529 plans allow you to invest for retirement while HSAs allow you to invest for future health expenses

529 plans have tax advantages while HSAs do not

529 plans and HSAs are both used to provide income during retirement

Money Market, Savings, CD, Checking

Checking, Savings, Money Market, CD

Savings, Money Market, CD, Checking

Checking, Savings, CD, Money Market

Have an adequate emergency fund but do NOT have enough saved for retirement

Do NOT have an adequate emergency fund but have enough saved for retirement

Have an adequate emergency fund and have enough saved for retirement

Do NOT have an adequate emergency fund and do NOT have enough saved for retirement

Angelina should set aside part of every paycheck for savings before she does any spending

Angelina should start her own business rather than being someone else’s employee

Angelina should spend the money she needs before she lends any to friends or gives to charity

Angelina should deposit her check as quickly as possible before taxes can be taken out

A checking account from which you pay your healthcare bills

A retirement investment account with specific tax advantages

A specialized savings account that allows you to save for college

A savings account at an online-only bank

There will be no solution

There will be one solution

There will be two solutions

There will be three solutions

Aaliyah is saving $7 more than Jennifer per week

Aaliyah has saved $300 more than Jennifer after 7 weeks

They both saved $300 per week in the 7th week

They both have saved $300 total after 7 weeks

12x + 6y = 10 -12x + (-36y) = -48

12x + 6y = 10 -12x + (-18y) = -48

12x + 6y = 10 -24x + (-6y) = -16

12x + 6y = 10 -4x + (-6y) = -16

x+y=22

y=-x+22

y=-x+76

x+y=76