Set one
1. give up one bad habit per day and consider the money you’ve saved from that bad habit for a month.   let this amount be the amount of your choosing.   reflect on why this is an appropriate habit to give up.
   
2. joe, 24 years old, invests that amount of your choosing a month over a 12-year period in a stock mutual fund that ends up yielding any interest rate of your choosing between 6% and 10% annual compounded monthly.   his plan is to invest monthly from age 24 to age 36 which leads to a future value.   then he lets that future value grow without further investing until he is 65.  
• two formulas are involved.   what are they?  
• determine his account value at age 65.
• determine the total in payments.
 
3. bill, 36 years old, invests that same amount of your choosing a month over a 29-year period in the same mutual fund.   same interest rate.   he will have to invest monthly for the whole 29 years.
• what formula is involved?  
• determine his account value at age 65.
• determine the total in payments.  

4. compare their results, total in payments, and account values.   what was a lesson you have learned from analysis of both their strategies?   how might this apply to your approach to personal finance?   write in two or three complete logical sentences.

set two choose a vehicle from any auto ad offline or online.   provide the source or clipping of that ad.

5. using an online loan calculator … determine the monthly payment, total of payments and finance charge of that vehicle of your choosing with a rate quoted in the ad, or if there’s none, a rate of your choosing.   cite the source of your truck.     do this for situations involving 48 month financing, 60 month financing, and 72 month financing.

6. (answer in complete, logical sentences) what are one advantage and one disadvantage to financing for 48 months?   though you don’t have to pay as much per month, what could be one serious problem with more payments that’s not reflected in your figures?
 
  set three retail situation:
7. find an item on sale at any retail outlet.   state the price and your source. determine the monthly payment if financed for 12 months at the apr advertised in the credit card fine print, compounded monthly or daily.