1) BABY: The cost of living is expected to increase by 4.5% each next year. If your current living expenses including fixed and variable expenses total $32, 000. What will be your total estimated expenses next year? a) $33,450 b) $ 1450 c) $33,440 2) TODDLER: Your starting salary at a new company is $40,000. It is expected to increase by 4% per year. To the nearest dollar, what will your salary be in 6 years? Round to the nearest dollar a) $50,612 b) $49,600 c) $50,499 3) CHILD: For your side hustle, you found a Kobe Bryant select card at a thrift store for $8.00. You sell it on eBay for $20.00. What percent markup did you sell the card at? a) 12% b) 112% c) 150% 4) TEENAGER: You buy a new car for $45,000. It depreciates in value each year by 8%. How much has the car depreciated to in 10 years? Round to the nearest dollar. a) $19,547 b) $25,453 c) $9,000 5) ADULT: You can accept a job in cellphone sales and receive a 3.25% commission on the total of all sales as well as a base weekly salary of $475. In one week, you sold $12,500 worth of phones. What is your gross income for the week? a) $390 b) $865 c) $1,475 6) ELDERLY: You want to invest $30,000 toward your newborn’s college fund and find an account that compounds monthly. The interest rate at this bank is 4.8%. To the nearest dollar, how much money will be in the account after 18 years? a) $ 41,056 b) $ 71,056  c) $ 69,763

Financial Math

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