If you make monthly payments of $\$ 1000$ on a $10$-year loan, your total payments over the life of the loan amount to a. $\$ 1000$. b. $\$ 100,000$. c. $\$ 120,000$.

Briefly summarize the makeup of federal receipts and federal outlays. Distinguish between mandato l) outlays and discretionary outlays.

Assume that you deposited $\$ 200$ per month into a savings plan for $5$ years and at the end of that period your balance was $\$ 22,200$. The amount you earned in interest was a. $\$ 10,200$. b. $\$ 20,200$. c. impossible to compute without knowing the APR.

For the average person, the single biggest category of expense is a. food. b. housing. c. entertainment.

State the compound interest formula for interest paid more than once a year. Define all the variables.

Explain what we mean by an investment's liquidity, risk, and return. How are risk and return usually related?