Welcome to Financial Stewardship’s Who Wants to be a Millionaire 50:50 Welcome to Financial Stewardship’s Who Wants to be a Millionaire 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

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15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

15 $1 Million What is the unpaid interest that accumulates on the principal balance of a loan, adding to the total amount owed in a loan? 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 A: Accrued Interest 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: Accrued Interest B: Asset interest C: Accumulated Interest D: Appreciation Interest

15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

15 $1 Million 14 $500,000 13 $250,000 What is the increase in an asset’s value, such that it becomes worth more than the purchase price before it is sold? 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 B: Unrealized Capital Gain 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 B: Unrealized Capital Gain A: Realized Capital Gain C: Profit D: Economies of scale

15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

15 $1 Million A legally binding document in which an individual specifies how he would like his property distributed after his death. The will can also specify a guardian for dependents and an executor for the estate? 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 C: A Will 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: A personal binder B: An epitaph C: A Will D: A death contract

15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

15 $1 Million An unwanted financial position that consumers find themselves in when the outstanding balance of a loan is higher than the current fair market value of the property? 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 D: Upside Down 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: Inside Out B: Flatlined C: Bankruptcy D: Upside Down

15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

15 $1 Million Another name for an unsecured personal loan. This type of loan is made on the strength of the borrower’s credit rating and history, and no collateral is pledged. 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 C: A Signature Loan 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: A credit note B: A bank note C: A Signature Loan D: An affidavit

You’ve Reached the $1,000 Milestone! Congratulations! Congratulations!

15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

15 $1 Million 14 $500,000 A means of estimating how many years it will take to double an investment that’s earning a certain interest rate 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 Rule of 72 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: Rule of 7.2 B: Rule of 27 C: The doubler D: Rule of 72

15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

15 $1 Million 14 $500,000 An agreement where the property’s owner allows a tenant to use the property in exchange for monies for a set amount of time. 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 B: A Lease 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: A Capital Exchange B: A Lease C: A Roth IRA D: A Tenacious D

15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

15 $1 Million What is a fixed-rate, time deposit issued by banks and other financial institutions. Upon purchasing this, the investor agrees to keep the funds on deposit with the issuer for a certain period of time? 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 D: A CD Certificate of Deposit 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: A Certified Check B: A Credit Check C: An SD Saving Deposit D: A CD Certificate of Deposit

15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

15 $1 Million What do you call the one who agrees to take responsibility for a debt if the borrower defaults if a loan applicant does not qualify for a loan?. 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 B: Caveat emptor Or co-signer 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: Collateral B: Caveat emptor C: Angel investor D: Loan shark

15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

15 $1 Million What is a loan that’s sold in shares as a security by corporations and government entities sell to raise money for special projects, expansion, or simply to cover budgeted expenses 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 B: A Bond 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: A Stock B: A Bond C: A Mutual Fund D: A Demand Deposit

You’ve Reached the $32,000 Milestone! Congratulations!

15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

A type of mutual fund that pursues 15 $1 Million A type of mutual fund that pursues a hybrid investing strategy. This contains a mix of stocks, bonds, and other types of securities in order to offer investors both capital appreciation and income generation 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 B: Balanced Fund 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: Balloon Mortgage B: Balanced Fund C: Bearer Bond D: Basis Point

15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

15 $1 Million What is a comprehensive schedule of payments tabling the break up of the mortgage amount, interest amount, principle received, and balance due through each period of loan till the loan balances reaches nil? 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 B: Balanced Fund 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: TV Guide schedule B: Appraisal schedule C: Amortization Schedule D: A.R.M.

15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

15 $1 Million What is a legal arrangement whereby money, property, deed, title etc are delivered to a third party to be held in trust pending the fulfillment of a contractual agreement? Once the event occurs, this deposit is returned to the proper recipient? 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 B: Judgment 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: First Mortgage B: Judgment C: Escrow D: Lease

15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

15 $1 Million The total sum of all of your assets minus all debts. Assets include your home, car, investments, etc. Debts include mortgages, credit cards, and loans. 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 D: Net Worth 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: Trust B: Principal C: Loan to Value Ratio D: Net Worth

15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

15 $1 Million 14 $500,000 What are time deposits that pay interest at maturity, rather than at regular intervals? 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 D: Zero coupon CD 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: Balloon Loan B: Treasury Bill C: Short term bond fund D: Zero coupon CD

YOU WIN $1 MILLION DOLLARS!