round your answers to the nearest two decimal places\nlearning target 4.1 budgets\n1. identify at least 3 of…

round your answers to the nearest two decimal places\nlearning target 4.1 budgets\n1. identify at least 3 of the 4 horsemen of personal finance.\n2. why do they call the lottery a \stupid tax\?\nbecause the odds of winning are very low and the people spend money on it without rational calculation\n3. list 1 method of budgeting that you plan to use.\n50/30/20 rule\n4. list a second method of budgeting that you plan to use\n5. the key to financial independence, regardless of the steps you take to get there, is lbym. what phrase do those 4 letters represent?\nlive below your means\nlearning target 4.2 introduction to consumer credit\n6. 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?

round your answers to the nearest two decimal places\nlearning target 4.1 budgets\n1. identify at least 3 of the 4 horsemen of personal finance.\n2. why do they call the lottery a \stupid tax\?\nbecause the odds of winning are very low and the people spend money on it without rational calculation\n3. list 1 method of budgeting that you plan to use.\n50/30/20 rule\n4. list a second method of budgeting that you plan to use\n5. the key to financial independence, regardless of the steps you take to get there, is lbym. what phrase do those 4 letters represent?\nlive below your means\nlearning target 4.2 introduction to consumer credit\n6. 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?

Answer

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:

$300.00$