GEB 3006 Final Review: Verified Questions & Professional Prep Tips | 2025 UPDATES.
VERIFIED.
About This Guide:
This GEB 3006 Final Exam Study Resource is built to help you succeed in your Career Planning &
Development course. Covering key topics like goal setting, resumes, LinkedIn, networking, and
interview skills, this guide includes verified practice questions and essential review material to get you
fully prepared for the final exam—and your future career.
33 years ago, Star Wars Episode IV (A New Hope) generated $460,998,007 in ticket sales. What is the
equivalent ticket sales figure in today's dollars (assume a 3% inflation factor compounded annually). -
✔✔-$1,222,721,258.78
A flat or inverted yield curve often signals a recession. - ✔✔-true
A homeowner decides to get a second mortgage at 7% to pay down credit card debt with an interest rate
of 20%. While this appears to be a good move, the primary risk is that the homeowner could lose his/her
home if they fail to make payments on the new second mortgage. - ✔✔-true
A married couple is applying for a mortgage. One spouse has a low FICO score and one has a high FICO
score. What is their best strategy for getting the lowest interest rate possible? - ✔✔-Apply in the name of
the spouse with the highest score.
A recent study shows that increases in federal regulation have a negative impact on economic growth. -
✔✔-True
A stock pays a quarterly dividend of $1.00/share. The stock trades at $100 per share, and has a book value
of $50 per share.
What is the annual dividend yield? - ✔✔-4%
A stock with a beta of 2.0 would be a _______ stock. - ✔✔-high risk
After enrolling in your primary health insurance plan, which of the following is the next MOST important
insurance that all employees should sign up for during open enrollment? - ✔✔-Disability insurance
,An employer offers a 401-K plan under the following terms:
Employer will match 80% of all contributions up to 6%.
If an employee saves 10% of his/her salary, then the employer will match ___ of their salary. - ✔✔-4.8%
Assume a bond with a 4% coupon.
If interest rates move up, then which type of bond would have the greatest sensitivity to the change in
interest rates? - ✔✔-30 year bond
Assume a homeowner is paying Private Mortgage Insurance (PMI).
At what point should the homeowner contact the mortgage company and request that PMI be stopped? -
✔✔-When the homeowner's equity in the house reaches 20%.
Assume a student has 4 individual stocks worth $2,500 each. In this case: - ✔✔-The student is not
adequately diversified.
Assume that a dealer has offered you $10,000 for your car as a trade-in which will save you 7% sales tax
on your new car's tax value.
If you decide to sell the car to a third party, you need to get more than ______. - ✔✔-$10,700
Assume that a house is sold for $300,000. The square footage is as follows:
Area under air conditioning and heating2,800Garage400Patio200Total3,400
The cost per square foot as traditionally calculated in the real estate industry is: - ✔✔-$107.14
Assume that you are a saver, and use coupons. Each week you save $5.00 using coupons, and save the
money for your retirement. What is the future value of $5.00 (five dollars) deposited at the beginning of
each week for 45 years earning 10% interest? - ✔✔-230,878.47
Assume that you save 5% of your salary in your 401-K plan and your employer will match 4%. Before
even investing the money, your return on savings will be: - ✔✔-80%
Assume that your parents have more liabilities than assets as a result of a $100,000 of credit card debt. In
the event of their death, the children will inherit the credit card debt. - ✔✔-false
, Assume the following information for a car note:
Original loan amount = $22,000 Annual interest rate = 6.90% Term of loan = 48 months
For year two, how much interest and principal was paid, and what is the balance due at the end of year
two? - ✔✔-$5,298.36 of principal; $1,011.24 of interest; balance due $11,755.56
Assume the following information for a car note:
Original loan amount = $23,500 Annual interest rate = 7.25% Term of loan = 24 months
What is the principal balance on the loan after six months? - ✔✔-17,939.55
Assume the following information for a car note:
Original loan amount = $27,500 Annual interest rate = 7.8% Term of loan = 36 months
How much principal and interest was paid in the first year, and what is the principal balance on the loan
after year one? - ✔✔-$8,463.98 of principal; $1,846.66 of interest; balance due $19,036.02
Assume the following information for a car note:
Original loan amount = $27,500 Annual interest rate = 7.8% Term of loan = 36 months
How much principal and interest was paid in the first year, and what is the principal balance on the loan
after year one? - ✔✔-$8,463.98 of principal; $1,846.66 of interest; balance due $19,036.02
Assume the following information for a car note:
Original loan amount = $27,500 Annual interest rate = 7.8% Term of loan = 36 months
How much principal and interest was paid in the first year, and what is the principal balance on the loan
after year one? - ✔✔-$8,463.98 of principal; $1,846.66 of interest; balance due $19,036.02
Assume the following information for a home mortgage:
Original loan amount = $155,000 Annual interest rate = 6.75% Term of loan = 30 years
How much principal and interest was paid in year two, and what is the principal balance on the loan after
two years? - ✔✔-$1,766.97 of principal; $10,296.99 of interest; balance due $151,581.09
Assume the following:
VERIFIED.
About This Guide:
This GEB 3006 Final Exam Study Resource is built to help you succeed in your Career Planning &
Development course. Covering key topics like goal setting, resumes, LinkedIn, networking, and
interview skills, this guide includes verified practice questions and essential review material to get you
fully prepared for the final exam—and your future career.
33 years ago, Star Wars Episode IV (A New Hope) generated $460,998,007 in ticket sales. What is the
equivalent ticket sales figure in today's dollars (assume a 3% inflation factor compounded annually). -
✔✔-$1,222,721,258.78
A flat or inverted yield curve often signals a recession. - ✔✔-true
A homeowner decides to get a second mortgage at 7% to pay down credit card debt with an interest rate
of 20%. While this appears to be a good move, the primary risk is that the homeowner could lose his/her
home if they fail to make payments on the new second mortgage. - ✔✔-true
A married couple is applying for a mortgage. One spouse has a low FICO score and one has a high FICO
score. What is their best strategy for getting the lowest interest rate possible? - ✔✔-Apply in the name of
the spouse with the highest score.
A recent study shows that increases in federal regulation have a negative impact on economic growth. -
✔✔-True
A stock pays a quarterly dividend of $1.00/share. The stock trades at $100 per share, and has a book value
of $50 per share.
What is the annual dividend yield? - ✔✔-4%
A stock with a beta of 2.0 would be a _______ stock. - ✔✔-high risk
After enrolling in your primary health insurance plan, which of the following is the next MOST important
insurance that all employees should sign up for during open enrollment? - ✔✔-Disability insurance
,An employer offers a 401-K plan under the following terms:
Employer will match 80% of all contributions up to 6%.
If an employee saves 10% of his/her salary, then the employer will match ___ of their salary. - ✔✔-4.8%
Assume a bond with a 4% coupon.
If interest rates move up, then which type of bond would have the greatest sensitivity to the change in
interest rates? - ✔✔-30 year bond
Assume a homeowner is paying Private Mortgage Insurance (PMI).
At what point should the homeowner contact the mortgage company and request that PMI be stopped? -
✔✔-When the homeowner's equity in the house reaches 20%.
Assume a student has 4 individual stocks worth $2,500 each. In this case: - ✔✔-The student is not
adequately diversified.
Assume that a dealer has offered you $10,000 for your car as a trade-in which will save you 7% sales tax
on your new car's tax value.
If you decide to sell the car to a third party, you need to get more than ______. - ✔✔-$10,700
Assume that a house is sold for $300,000. The square footage is as follows:
Area under air conditioning and heating2,800Garage400Patio200Total3,400
The cost per square foot as traditionally calculated in the real estate industry is: - ✔✔-$107.14
Assume that you are a saver, and use coupons. Each week you save $5.00 using coupons, and save the
money for your retirement. What is the future value of $5.00 (five dollars) deposited at the beginning of
each week for 45 years earning 10% interest? - ✔✔-230,878.47
Assume that you save 5% of your salary in your 401-K plan and your employer will match 4%. Before
even investing the money, your return on savings will be: - ✔✔-80%
Assume that your parents have more liabilities than assets as a result of a $100,000 of credit card debt. In
the event of their death, the children will inherit the credit card debt. - ✔✔-false
, Assume the following information for a car note:
Original loan amount = $22,000 Annual interest rate = 6.90% Term of loan = 48 months
For year two, how much interest and principal was paid, and what is the balance due at the end of year
two? - ✔✔-$5,298.36 of principal; $1,011.24 of interest; balance due $11,755.56
Assume the following information for a car note:
Original loan amount = $23,500 Annual interest rate = 7.25% Term of loan = 24 months
What is the principal balance on the loan after six months? - ✔✔-17,939.55
Assume the following information for a car note:
Original loan amount = $27,500 Annual interest rate = 7.8% Term of loan = 36 months
How much principal and interest was paid in the first year, and what is the principal balance on the loan
after year one? - ✔✔-$8,463.98 of principal; $1,846.66 of interest; balance due $19,036.02
Assume the following information for a car note:
Original loan amount = $27,500 Annual interest rate = 7.8% Term of loan = 36 months
How much principal and interest was paid in the first year, and what is the principal balance on the loan
after year one? - ✔✔-$8,463.98 of principal; $1,846.66 of interest; balance due $19,036.02
Assume the following information for a car note:
Original loan amount = $27,500 Annual interest rate = 7.8% Term of loan = 36 months
How much principal and interest was paid in the first year, and what is the principal balance on the loan
after year one? - ✔✔-$8,463.98 of principal; $1,846.66 of interest; balance due $19,036.02
Assume the following information for a home mortgage:
Original loan amount = $155,000 Annual interest rate = 6.75% Term of loan = 30 years
How much principal and interest was paid in year two, and what is the principal balance on the loan after
two years? - ✔✔-$1,766.97 of principal; $10,296.99 of interest; balance due $151,581.09
Assume the following:
