Test Your High-Level Personal Finance Knowledge

Challenge yourself with eight rigorous questions covering sophisticated personal finance concepts and calculations.

risk assessmentbudgetingtax planningretirementfinancial ratiosinvestment strategycash flow analysisdebt management
Difficulty:HARD

Quiz Details

Questions8
CategoryBusiness & Finance
DifficultyHARD
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Quiz Questions

Answer all questions below and test your knowledge.

  1. 1

    What is the effective annual rate (EAR) of a loan with a nominal APR of 9% compounded monthly?

    Question 1
  2. 2

    Which tax‑advantaged account permits penalty‑free withdrawals for qualified higher‑education expenses?

    Question 2
  3. 3

    If an individual contributes $6,000 annually to a retirement fund that earns 6% compounded annually, what will be the balance after 30 years, ignoring taxes?

    Question 3
  4. 4

    A homeowner refinances a $250,000 mortgage at 3.5% annual interest for 15 years. What is the monthly principal and interest payment?

    Question 4
  5. 5

    Which financial ratio is most appropriate for assessing an individual's ability to meet short‑term obligations?

    Question 5
  6. 6

    An investor purchases a zero‑coupon bond for $4,800 that will pay $10,000 in 8 years. What is the bond’s annualized yield to maturity?

    Question 6
  7. 7

    Under the U.S. tax code, which filing status yields the highest standard deduction for a single taxpayer in 2025?

    Question 7
  8. 8

    If a person’s monthly cash inflow is $5,200 and cash outflow is $4,350, what is their monthly net cash flow?

    Question 8

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