Saving and Investing free essay sample

Saving and Investing (32. 0 points) 1. Describe a real or made up but realistic situation that could cause you or someone you know to have to use money from a financial reserve. (3-6 sentences. 2. 0 points): having to get a car. Another situation could be house repairs. 2. How many months worth of expenses do you think your financial reserve should include? Describe at least two reasons for this decision. (3-6 sentences. 2. 0 points): 6 months because I could lose my job. It will make me go into my financial reserve. I may also have to pay medical bills because someone got sick or injured. 3. Would you rather have a savings account that offered simple interest, or an account that offered compound interest? Why? (3-6 sentences. We will write a custom essay sample on Saving and Investing or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 2. 0 points): compound interest. Over time the compound interest will build up more interest in the account. In time, the interest generates its own interest. 4. If you were opening a savings account with compound interest, would you prefer an account that offers annual compounding, quarterly compounding, or daily compounding? Why? (3-6 sentences. 2. points): Daily compounding would give the best annual return, as the amount would grow faster than annual or quarterly compounding. Each day the savings grow a little bit, building upon the growth from the previous days. 5. Which strategy for saving do you think would work best for you? Why? (3-6 sentences. 2. 0 points): Make a monthly budget and save a percentage of what is left over after bills and groc eries. I set up an automatic monthly transfer from checking to savings. That way I wont forget and spend that money on something. 6. Describe two financial goals that you would want to meet before you begin investing. Explain why you would want to reach those goals first. (2-4 sentences. 2. 0 points) I would first want to create an emergency fund with enough money to live on for months, if I were to be fired from my job or have a family emergency. 7. Describe at least two factors of an investment that you would want to consider before putting money into that specific investment. (2-4 sentences. 2. 0 points) Interest yield and current value. 8. Calculate the return on investment in dollars and as a percentage for an investment that you purchase for $500 and sell for $600. 2. 0 points) 20 % ($100 profit) 9. Describe two examples of debt investments. (1-2 sentences. 1. 0 points): US Treasuries  (Government debt   what the government sells to pay for its) and corporate bonds (debt issues by companies to pay for usually new things the company wants to) 10. Describe two examples of equity investments. (1-2 sentences. 1. 0 points) A stock or any other security representing an ownership interest. On a companys balance sheet, the amount of the funds contributed by the owners. Also referred to as shareholders equity. 11. If you were a new investor who wanted to invest in stock, would you prefer to invest in registered public stock, or unregistered private stock? Why? (2-4 sentences. 1. 0 points) Registered public stock. Most people do, and I can be more confident if I invest in that. 12. Describe an alternative investment that you might invest in someday, and explain why this investment is appealing to you. (2-4 sentences. 2. 0 points) Peer-to-peer lending. Its a high return investment but also high risk. There are ways to invest in Peer-to-peer to minimize risk. Its a great alternative investment option. 3. Describe at least three other investments you want to make with your income either now or someday in the future. Explain why you think these particular investments would be good choices. (3-6 sentences. 3. 0 points)   FOREX trading, single-share companies, HYIP. These investments are more likely to stay afloat. Even if they are smaller than investments such as Google, small companies can also b e a good investment. 14. Describe two types of investment accounts that you might use in the future. For each type of account, list at least one reason why the type of account might be useful to you. 2-4 sentences. 2. 0 points) IRA and mutual funds. 15. Search online to find information about a stocks performance, and then provide the information below. You could choose a stock such as Amazon. com or Google, or you could choose another stock that interests you. TIP: Morningstar. com or Yahoo! Finance (finance. yahoo. com) are good sources of stock information. a. The date you collected this information. (0. 5 points)   April 30, 2013 b. The website where you collected this information. (0. 5 points)   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  https://www. google. com/finance c. The name of the company you chose (0. points)   Google d. The stocks ticker symbol (0. 5 points)   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Public. ASX:QAN e. The 52 week high (0. 5 points) 827. 64 f. Th e 52 week low (0. 5 points) 817. 68 g. The Yield percentage (0. 5 points) 1. 4% h. The Volume of stock sold (0. 5 points) 2,306,636 i. The stocks value at the close of business (0. 5 points)   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  $824. 57 j. The net change in the stock over the course of the day (0. 5 points)   . 67% 16. Describe an example of an equity investment that can also produce income. (1-3 sentences. 1. 0 points) fixed annuities from insurance cos

The UltimateSAT Chemistry Subject TestStudy Guide

The UltimateSAT Chemistry Subject TestStudy Guide SAT / ACT Prep Online Guides and Tips This article presents a complete SAT Chemistry study guide. I'll give you an overview of what's on the test, help you decide when to take it (or whether to take it at all), list sample questions and answers, and provide tips and resources that you can use in your studying. If you make use of the practice tools at your disposal and follow the general advice in this article, you'll be on your way to a great score! What’s the Format of the Test, and When Is It Offered? Here's a basic rundown of the structure and scoring of the Chemistry SAT Subject Test (alsoknown as the Chemistry SAT II): 60 minutes long 85 multiple-choice questions Scores range from 200 to 800 Note that subject tests still have quarter-point deductions for incorrect answers even though this policy has been abolished on the regular SAT. For every question you answer correctly you'll receive one point, no points will be awarded or deducted for questions left blank, and you'll lose 1/4 of a point for every incorrect answer.Calculator use is not permitted, but you'll have a periodic table to use for reference. The Chemistry SAT Subject Test is offered in August, October, November, December, May, and June. In other words, you can take it on every regular SAT test date except the one in March. Want to get better grades and test scores? We can help. PrepScholar Tutors is the world's best tutoring service. We combine world-class expert tutors with our proprietary teaching techniques. Our students have gotten A's on thousands of classes, perfect 5's on AP tests, and ludicrously high SAT Subject Test scores. Whether you need help with science, math, English, social science, or more, we've got you covered. Get better grades today with PrepScholar Tutors. Should You Take the SAT Chemistry Subject Test? If you’re reading this article, you're probably planning to apply to schools that require or recommend the submission of Subject Test scores.In most of these cases, it’s best to take one Subject Test in the sciences and one in the humanities to show a range of skills. Think about your goals, interests, and academic strengths before making a final decision on which science Subject Test you'll take.Chemistry is a great option for some students, but it might be less ideal for others. Here are tworeasons to choose Chemistry as one of your SAT Subject Tests: Reason 1: You Just Took a Chemistry Class (and You Still Need a Science Subject Test) The following are the College Board’s recommendations for prerequisites before taking the Chemistry Subject Test: One-year introductory college-preparatory course in chemistry One-year course in algebra Experience in the laboratory If you just took a chemistry class (especially if it was AP), you probably won’t need to do much studying for the Subject Test.The best time to take anySubject Test is in the spring when you’re just finishing up a related class. Reason 2: You’re Super Interested in Chemistry Do you think you might be a chemistry major in college? Do you have a knack for the subject?Taking the Subject Test is a good way to demonstrate your passion.If you have other achievements in high school that are related to chemistry, taking the Subject Test will help you present an even clearer picture of your goals and interests to colleges. A glimpse into your future. Or is it...your past? *cue Twilight Zone theme* What’s on the Chemistry SAT II? Here’s a brief content overview of the Chemistry SAT Subject Test. I’ve listed the topics in descending order according to their prevalence on the test: Topic Percentage of Test Structure of matter (atomic structure, molecular structure, bonding) 25% States of matter (gases, liquids and solids, solutions) 16% Reaction types (acids and bases, oxidation-reduction, precipitation) 14% Stoichiometry (mole concept, chemical equations) 14% Descriptive chemistry (periodic trends, nomenclature, predicting products of reactions) 12% Lab practices (equipment and measurements, scientific method, data interpretation) 8% Thermochemistry (calorimetry, enthalpy and phase changes, entropy) 6% Equilibrium and reaction rates (equilibrium systems, rates of reactions) 5% The College Board also breaks down questions by skill on this Subject Test: Skill Percentage of Test Application of knowledge 45% Synthesis of knowledge 35% Fundamental concepts and knowledge 20% The most common questions, at 45 percent of the test, are application of knowledge questions. These questions ask you to apply your knowledge of chemistry to scenarios presented on the test. Synthesis of knowledge questions, at 35 percent of the test, will ask you to draw conclusions based on data provided by the test as well as your background knowledge of chemistry. Only twenty percent of questions test fundamental concepts and knowledge. These questions are focused on basicfactual recall. To break down these skills even further, questions will test your: Understanding of the major concepts of chemistry and ability to apply principles to solve specific problems Ability to organize and interpret results from observation and experimentation, and to draw conclusions or make inferences from experimental data, including data presented in graphs and/or tables Laboratory experience and familiarity with the metric system Ability to handle simple algebraic relationships and apply these to solving word problems Familiarity with the concepts of ratio, direct and inverse proportions, exponents, and scientific notations Most of the test involves analysis and data interpretation.As I mentioned earlier, eighty percent of questions require either application or synthesis of knowledge, and only twenty percent are straightforward â€Å"what is this† type questions.In the next section, I’ll provide examples of the various question formats you'll see on the test. Question Formats on the Chemistry Subject Test The College Board groups questions on the Chemistry SAT Subject Test into three different formats: Format 1: Five-Choice Completion These are what I would consider â€Å"normal† multiple choice questions. They're stand-alone questions that simply ask you to choose the correct answer out of five choices. In some cases, you'll geta list of threestatements labeled with roman numerals and will be asked to decide which ones are true (if any).Here’s an example of a question in that format: Before looking at the answer choices, we need to go through each of the statements and decide which ones are true based on the diagram: Statement I appears to be true because the exposed mercury surface is open to the air. There wouldn't be any pressure besides atmospheric pressure pushing down on that side. Statement II also appears to be true because the mercury level on the right side of the manometer is higher than the level on the left side. Statement III is not true because the pressure of the gas wouldn’t be equal to h, it would be equal to the atmospheric pressure PLUS h.H is just the difference between the two pressures. Now that we’ve decided only I and II are true, we can bubble in answer choice C! Format 2: Classification For these types of questions, you'll see one list of choices that applies to a group of several questions. Each choice can be used more than once or not at all.In other words, your answer to any individual question could also be the answer to other questions in a given group.Here’s an example: As you can see, questions that are formatted this way tend to be more straightforward. They're just identification questions.For this one, you need to understand how compounds are named and what their atomic symbols are. Answers: A C A In this case, one of the choices was used twice. This happens frequently, so don’t freak out if you think a choice applies to more than one question in the group. Format 3: Relationship Analysis This is the weirdest type of question you’ll see on the test.Each question is comprised of two statements that are connected to each other by the word â€Å"BECAUSE.†The format is â€Å"This process or property occurs because of this fundamental chemical fact.†Here’s an example: The first step is deciding whether each part of the statement is true or false.If both or either of the statements are false, you can ignore the Correct Explanation (CE) circle. If they're both true, you may have to fill in the special CE circle.However, that will not always be the case, so consider the logic of the full statement carefully even if both parts are true! There will be a special section labeled â€Å"Chemistry† in the lower left-handcorner of your answer sheet where you can fill in your responses to these questions.It looks like this: Your responses will look something like this: As you can see, for sample question 103, both statements are true, but the CE circle is left un-bubbled.Potassium has a lower first ionization energy than lithium, meaning it’s easier for the one electron in its outer shell to get pulled away.Lithium’s unpaired electron is closer to the nucleus, so it’s held more tightly by the nucleus' gravitational pull.The first statement is definitely true. Now let’s look at the second statement in isolation: â€Å"potassium has more protons in its nucleus than lithium has.†This is also true.Potassium has 19 protons, and lithium only has three. Both statements are true on their own, but now we have to decide whether the second statement is a correct explanation of the first.In this case, it isn't! The ionization energy doesn’t increase based on the number of protons in the nucleus of the atom.It’s a factor of how loosely held and how far away from the nucleus the outermost electrons of the atom are.Atoms that hold unpaired electrons that are farther away from the nucleus will have lower first ionization energies. For lithium and potassium, both have unpaired electrons in their outermost orbitals, but potassium has a lower ionization energy because its electrons are farther away from the nucleus (4s orbital vs. 2s orbital).It’s about proximity to the nucleus, not number of protons.The CE oval should stay blank! Here are some electrons zooming around the nucleus of a particularly groovy atom. Where to Find Chemistry Subject Test Practice Materials Here I'll list a few different resources, both in print and online, that you can use to practice your skills for the SAT Subject Test in Chemistry. You should always return to official College Board questions (which you can find on the College Board website as the first listing under Online Resources) in your studying to verify that you're up to speed with the format of the test, but unofficial practice is still helpful for learning the content. Review Books If you want to add structure to your studying, you might consider buying a review book or a book of practice questions. Areview book containing content that's specifically tailored to the Chemistry SAT II can improve the efficiency of your studying. Here are someof the most popular ones: Barron's SAT Subject Test Chemistry 14th Edition Cracking the SAT Chemistry Subject Test (Princeton Review) Sterling Test Prep SAT Chemistry Practice Questions Official SAT Subject Test in Chemistry Study Guide Online Resources College Board Website You can practice questions in all the formats you’ll see on the test here.There are only 13 questions, but they can help you get a feel for the test.You should also check out this document that has all the information you need for the test (and other subject tests if you’re interested) along with more sample questions. CrackSAT There are tons of different quizzes here on various topics in chemistry.You won’t find any of the Relationship Analysis true-false questions, but this is still overall a pretty good resource for regular multiple choice questions. Albert.IO This site haspractice questions for all topicsyou might come across on the exam.Questions are also divided by difficulty level. Once you get all the hard questions right, you’ll know that you’ve truly mastered the material. SparkNotes SparkNotes has practice quizzes on every topic with detailed answer explanations.These quizzes aren’t automatically scored like some others on this list, but the way it goes over the reasoning for each choice in detail makes it a worthwhile resource. ReasonPrep YouTube Videos These videos walk you through the answers to sample questions found on official practice tests and in the official review book. Want to get better grades and test scores? We can help. PrepScholar Tutors is the world's best tutoring service. We combine world-class expert tutors with our proprietary teaching techniques. Our students have gotten A's on thousands of classes, perfect 5's on AP tests, and ludicrously high SAT Subject Test scores. Whether you need help with science, math, English, social science, or more, we've got you covered. Get better grades today with PrepScholar Tutors. 5 SAT Chemistry Study Tips This section lists five study strategies that are critical for this test. You should have these tips in the back of your mind at all times as you review the material! Tip 1: Identify Your Weaknesses The Chemistry SAT II may test some information that your teacher didn’t cover in class.Review all the content areas listed above to make sure you have a handle on everything.It’s a smart idea to take a diagnostic test before you start studying to form a clearer picture of where your knowledge is lacking. I'd recommend using one that comes directly from the College Board so that the content and format of the test is represented accurately. Tip 2: Replicate Test Conditions When you answer practice questions and take practice tests, adhere to the same standards as the real test environment.Don't use a calculator, and have a periodic table on hand for reference.If you’re taking a full practice test, you should also time yourself.Sticking to appropriate test conditions is the only way to reliably estimate your score level! Tip 3: Plan Your Time Wisely Your studying timeline should be informed by how recently you learned the material in class and how well you perform on an initial diagnostic test. If you find that you need to improve by 150 points or more, plan to spend some extra time reviewing the material. I'd estimate about 20 hours of study time to get yourself up to speed - if you start two months in advance, that's just two hours a week. Not so bad! If you're already within 50 points or so of where you want to be, a quicker review should suffice. You could probably spend less than ten hours going over the material. Make sure you get to a point where you feel very confident with the question formats in case nervousness interferes with your performance (which brings me to the next tip). Tip 4: Practice Relationship Analysis Questions Make sure you understand how these questions work prior to the test.They take a little bit of getting used to if you’ve never encountered them before.Try to use some practice resources that include these types of questions in addition to five-choice completion and classification questions. It's especially important to practice interpreting the statements together and on their own and keeping the two processes separate. That CE circle is a little bit tricky! Tip 5: Don't Go Overboard You should only study concepts that you know will be tested. There's no need to memorize a year's worth of material for an hour-long multiple-choice test. I'd recommend dividing your time equally between reviewing topics in your notes and doing practice questions that replicate the format of the subject test. The biggest challenge for you may be time rather than background knowledge, especially if you're fresh out of a chemistry class.You shouldn't focus too much on memorizing all your chemistry notes and doing involved practice problems. Remember, you can't even use a calculator on this test, so you won't have to solve any elaborate math problems. "What's that weird squiggly?" and "Why are there little numbers next to the letters?" are both questions you should be able to answer before taking this Subject Test. 4 Test-Taking Tips for SAT Chemistry This section lists four additional tips that you can implement as you take practice tests (and, ultimately, when you sit down for the real thing). Tip 1: Stay Calm Since you can’t use a calculator on the test, many of these questions involve combining common sense with basic chemistry knowledge.If you come across a question about a diagram or experimental scenario that you’ve never seen before, don’t freak out. Just read the question carefully.In almost all of these cases, you’ll find that your existing knowledge is enough to guide you to the correct answer. Even if you don't fully understand what’s going on in the experiment, if you have a solid understanding of chemistry, you can make deductions to arrive at the solution. Tip 2: Do the Easiest Classification Questions First When you get to a group of classification questions,answer the ones that seem obvious first so you're using your time efficiently.Don’t feel like you have to complete them in order. If you get the easy ones out of the way in ten seconds, you’ll have more time to think about the questions in the group that are more challenging for you. Tip 3: Read Relationship Analysis Questions Methodically Relationship Analysis questions are different from most questions on SAT Subject Tests, so they can be confusing.Read carefully, and decide whether each stand-alone statement is true before thinking about whether the second statement is a correct explanation of the first. You'll save yourself some time if you find that one of the statements is false (and makes the CE bubble irrelevant)! Tip 4: Don’t Guess Randomly As I mentioned in the first section of this article, the guessing penalty still exists on SAT Subject Tests.This means that you need to avoid guessing if you have no clue which answer choice is correct.Guessing is only advisable if you can narrow down your choices to four or fewer possibilities.Otherwise, you’re better off leaving the question blank. Come back here, metaphor for the correct answer choice! Conclusion TheSAT Chemistry Subject Test is an hour-long multiple-choice examthat contains 85 questions and is scored out of 800. It's offered on all the regular SAT test dates except March. Topics on the test include: Structure of matter States of matter Reaction types Stoichiometry Descriptive chemistry Lab practices Thermochemistry Equilibrium and reaction rates Most questions will test your ability to analyze different experimental scenarios and draw conclusions. The questions come in three formats: Five-choice completion Classification Relationship analysis When you study for the test, five tips to keep in mind are: Identify your weaknesses Replicate real testing conditions Plan out your studying wisely Practice lots of relationship analysis questions Don't over-study When you take the test (or a full practice test), you should be sure to: Stay calm Do easier classification questions first Read carefully on relationship analysis questions Avoid guessing unless you're down to just two choices Use the online resources and review books listed in this article to brush up on your skills. You should have no problem acing this test if you know what to expect! What's Next? Get started on your chemistry reviewing with our guide to balancing chemical equations. Alternatively, apply chemistry to your life by learning how to make three different types of slime or how to use muriatic acid for household cleaning. Are you thinking you might take the Biology Subject Test instead of Chemistry? Do you plan on taking both? If so, check out my ultimate study guide for SAT Biology E/M! You might be wondering whether AP tests or SAT Subject Tests carry more weight in the admissions process. Learn more about the differences between AP tests and SAT Subject Tests, and find out how much each type matters for you. If you're still on the fence about whether or not to take the Chemistry Subject Test, read our expert guide to help you decide which Subject Tests are your best bets based on your college goals. Need a little extra help prepping for your Subject Tests? We have the industry's leading SAT Subject Test prep programs (for all non-language Subject Tests). Built by Harvard grads and SAT Subject Test full or 99th %ile scorers, the program learns your strengths and weaknesses through advanced statistics, then customizes your prep program to you so that you get the most effective prep possible. 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