Question

round your answers to the nearest two decimal places
learning target 4.1 budgets

1. identify at least 3 of the 4 horsemen of personal finance.
2. why do they call the lottery a \stupid tax\?

because the odds of winning are very low and the people spend money on it without rational calculation

1. list 1 method of budgeting that you plan to use.

50/30/20 rule

1. list a second method of budgeting that you plan to use
2. the key to financial independence, regardless of the steps you take to get there, is lbym. what phrase do those 4 letters represent?

live below your means
learning target 4.2 introduction to consumer credit

1. john wants to purchase a boat that costs $1,500. he signs an installment agreement requiring a 20% down. how much will john need for the down - payment?

Explanation:

Step1: Identify the formula for down - payment

Down - payment = Cost of item × Down - payment percentage

Step2: Substitute the given values

The cost of the boat is $1500 and the down - payment percentage is 20% or 0.2 in decimal form. So, Down - payment = $1500×0.2

Step3: Calculate the result

$1500×0.2 = 300$

Answer:

300