Copyright Goodheart-Willcox Co., Inc. 60 Review and Assessment Apply Your Math Skills 1. Pete is saving money to buy a used car in eight months. He wants to save $5,000 for a down payment and finance the rest. Pete already has $1,400 saved for the car. How much money does he need to save per month to meet his goal of saving $5,000? 2. Meredith’s assets include a tablet computer worth $500 $1,250 in savings a car worth $5,400 and $75 cash. Her liabilities include a $1,700 tuition bill for one semester $630 for textbooks paid for with a credit card an $80 cell phone bill and $10 she borrowed from a friend. What is her current net worth? Is it positive or negative? Online Activities Complete the following activities to help you learn, practice, and expand your knowledge and skills. Posttest. Now that you have finished the chapter, see what you learned by taking the chapter posttest. Vocabulary. Practice vocabulary for this chapter using the e-flash cards, matching activity, and vocabulary game until you are able to recognize their meanings. Activity files. Download and complete the activity files to extend your learning experience. Communication Skills Writing. Rhetoric is the study of writing or speaking as a way of communicating information or persuading someone. Identify rhetoric that could be used to describe the family life cycle. Write a script for presenting the topic to your classmates. College and Career Readiness Reading. Read a magazine, newspaper, or online article about the importance of personal finance for teens. Determine the central ideas of the article and review the conclusions made by the author. Provide an accurate summary of your reading, making sure to incorporate the who, what, when, where, why, and how of this situation. Speaking. There will be many instances when you will be required to persuade the listener. When you persuade, you convince a person to take a proposed course of action. Prepare for a conversation with a friend about why keeping financial and personal records is important. Discuss the reasons for selecting a solid recordkeeping system and a safe storage option. Ask for assistance from a peer to help you plan a focused presentation that argues your case and shows solid reasoning that will influence the listener’s understanding of the topic. Teamwork Consumers have a responsibility to live within their means. Work in a team with other students to discuss the following questions. When consumers have financial difficulties caused by overspending, what, if any, public assistance should be available to them? Is it ethical to create credit card debt to buy nonessentials, to buy a car you cannot afford, or to borrow money you cannot repay? Is it ethical for creditors to make credit readily available to borrowers who have limited ability to repay as agreed? Share your team’s opinion with the class. Internet Research Money Management Software. Primary research is conducted by the writer in preparation for writing a report. Investigate several money management software programs online. Compare and contrast the key features of three of them. Write a report