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Laabri

2026 FiCycle Semester 2 Final Exam

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Last updated about 1 month ago
30 Nsɛmmisa

Please make sure to show all work when asked to.

No phones or talking or I will give you a zero...goodluck!

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1
Asemmisa {{asɛmmisaAhyɛnsode}}
1.

Daniel's brother has an investment account that he says earns an average of 13% each year. If this is the case, approximately how long will it take him to double his money? Show your work.

Asemmisa {{asɛmmisaAhyɛnsode}}
2.

What is one reason that someone should invest?

Asemmisa {{asɛmmisaAhyɛnsode}}
3.

Alex bought one share of McDonald's stock for $35.38. Four years later, he sold it and the closing price for that day was $901.78.

(a) How much money did he gain/lose?

(b) What is his rate of return?

Asemmisa {{asɛmmisaAhyɛnsode}}
4.

How would you find the rate of return on a company that you initially invested in that was priced at $10,000 and decreased to $875? Show your work.

Asemmisa {{asɛmmisaAhyɛnsode}}
5.

Veronica bought one share of Wing Stop stock on Nov 1, 2025 for $392.20. Then, four years later, she sold it at the closing price of $778.38.

  • What was Veronica's return on investment?

Asemmisa {{asɛmmisaAhyɛnsode}}
6.

In your own words, what does the Rule of 110 tell an investor about their portfolio strategy?

Asemmisa {{asɛmmisaAhyɛnsode}}
7.

Leon is 50 years old and plans to contribute $80,000 to his retirement account this year. How much of that should Leon invest in stocks?

Asemmisa {{asɛmmisaAhyɛnsode}}
8.

Check all the options that would be best to diversify ones portfolio.

Asemmisa {{asɛmmisaAhyɛnsode}}
9.
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Complex

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Simple

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Medium

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Asemmisa {{asɛmmisaAhyɛnsode}}
10.

James is investing $15,000 for fifteen years at an interest rate of 6% compounded yearly to build his retirement account. What would be the final balance?

Asemmisa {{asɛmmisaAhyɛnsode}}
11.

Calculate the amount of this investment after 5 years with interest compounded yearly.

Principal = $3000

Rate = 4%

Asemmisa {{asɛmmisaAhyɛnsode}}
12.

Match each type of influence with the appropriate definition.

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Scarcity

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Convince investors to give them money before eventually losing it all.

Authority

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Once you start answering “yes” repeatedly, the commitment and consistency bias makes it harder for someone to say “no”

Reciprocity

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The biggest problem with social proof in investing is that it contributes to the asset prices that characterize market booms and busts.

Commitment and Consistency

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However, financial tricksters can use reciprocity bias to get you to buy their products even though they know they won’t be in your best interest

Social Proof

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You already know that people would rather do business with people they like than people they don’t like.

Liking

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Can play all sorts of tricks on you as an investor because it can force you to make decisions under time pressure

Asemmisa {{asɛmmisaAhyɛnsode}}
13.

Which of these options is a financial scam?

Asemmisa {{asɛmmisaAhyɛnsode}}
14.

Compare and contrast stocks vs. bonds.

Include at least 3 key differences regarding ownership, risk, and how you earn money from them.

Asemmisa {{asɛmmisaAhyɛnsode}}
15.

Select all that apply that describe what empirical probability means.

Asemmisa {{asɛmmisaAhyɛnsode}}
16.

You have a bowl of gummy bears: 7 are blue, 20 are red, 12 are green, and 35 are yellow.

  1. How many total gummy bears are there?

  2. What is the probability of getting a green gummy bear?

Show your work!

Asemmisa {{asɛmmisaAhyɛnsode}}
17.

What is a non-mutually exclusive event in your own words?

Asemmisa {{asɛmmisaAhyɛnsode}}
18.

There are 250 12th graders at Garey High School. They all get to choose one of three possible sports: soccer, volleyball, or tennis. 80 students choose tennis, 90 choose volleyball, and 80 choose soccer. If you chose one student randomly…

  • What is P(soccer)?

  • What is P(volleyball)?

  • What is P(volleyball or tennis)?

Show your work!

Asemmisa {{asɛmmisaAhyɛnsode}}
19.

What is the primary difference between experimental probability and theoretical probability? Provide one example of each.

Asemmisa {{asɛmmisaAhyɛnsode}}
20.

The interest rate greatly impacts the overall cost of a loan. For a large long-term loan like a mortgage, even a slightly higher interest rate can increase the cost by thousands of dollars.

Data:

2.66, 2.82, 3.12, 3.27, 3.49, 3.68, 3.87, 3.99, 4.04, 4.08, 4.29, 4.38, 4.65, 4.87, 4.93, 4.96, 4.83, 5.22, 5.43, 5.57, 5.62, 5.66, 5.67, 5.86, 5.95, 6.17, 6.43, 6.78, 6.94, 7.77

Create a histogram of the following data

Asemmisa {{asɛmmisaAhyɛnsode}}
21.

Match each shape of distribution with its picture.

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Uniform

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Bimodal

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Normal

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Skewed Right

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Skewed Left

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Asemmisa {{asɛmmisaAhyɛnsode}}
22.

Social Security alone is usually enough to maintain your pre-retirement standard of living. 

Asemmisa {{asɛmmisaAhyɛnsode}}
23.

Match the different hard and soft skills.

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Soft

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Design, accounting, and coding are examples.

Soft

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Are personal qualities and traits that impact how you work.

Hard

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Job-related competencies and abilities that are necessary to complete work.

Hard

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Time management, leadership and problem-solving are examples.

Asemmisa {{asɛmmisaAhyɛnsode}}
24.

True or false: Net pay is the money you make before taxes, benefits and other payroll deductions are withheld from your wages.

Asemmisa {{asɛmmisaAhyɛnsode}}
25.

Why is it important to network?

Asemmisa {{asɛmmisaAhyɛnsode}}
26.

Match each part of a resume with the appropriate definition.

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Optional

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Email, address and phone number

Experience

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Stating your professional goal and some soft skills that you possess.

Eduction

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A list of information about what you have accomplished in the past (either professionally or volunteer).

Skills

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Where you went to high school, college, certifications you have, etc.

Name and Contact Info

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Things that you possess that make you a good candidate for the job or set you apart from others.

Objective statement

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Awards, achievements, hobbies and interests.

Asemmisa {{asɛmmisaAhyɛnsode}}
27.

If you tip your waiter 15% for a $24 bill, how much will your waiter make off of your meal?

Asemmisa {{asɛmmisaAhyɛnsode}}
28.

Label the following parts of the paystub:

  1. Gross wage

  2. How often does she get paid?

  3. Deductions

  4. Net Pay

  5. State Tax

  6. Yearly net income?

Asemmisa {{asɛmmisaAhyɛnsode}}
29.

You eat at your favorite restaurant, and your bill is $52.60. On top of that, you need to pay 8% sales tax, and leave a 20% tip for the waiter based on the pre-tax amount. How much will you pay total?

Asemmisa {{asɛmmisaAhyɛnsode}}
30.

Brianna opened a Roth IRA at 20 years old. She invested $580 in an index fund and predicts she’ll earn a 8.3% return on that investment each year. How much will it be worth when she is 65?