Compound Interest

Front

Determine the amount after 7 years if $9500 is compounded annually at 4%.

Back

$12501.35

Front

Determine the amount after 13 years if $1800 is compounded annually at 6.1%.

Back

$3886.62

Front

Determine the amount after 4 years if $17500 is compounded annually at 11%. Round to the nearest cent.

Back

$26566.23

Front

Determine the amount after 15 years if $22000 is compounded annually at 9.4%.

Back

$84660.83

Front

Determine the amount after 6 years if $3200 is compounded quarterly at 10.7%. Round to the nearest cent.

Back

$6029.80

Front

Determine the amount after 18 years if $7400 is compounded quarterly at 3%.

Back

$12672.89

Front

Change 6.5% to a decimal

Back

.065

Front

Change 18% to a decimal

Back

.18

Front

What does P represent in the equation A=P(1+r)^t?

Back

principal

Front

What does r represent in the equation A=P(1+r)^t? Options: rate, principal, time, amount.

Back

rate