Compound Interest

Compound Interest

Assessment

Flashcard

Mathematics

11th Grade

Hard

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25 questions

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1.

FLASHCARD QUESTION

Front

$12,000 principal earning 4.8% compounded annually after 7 years.

Back

$16,661.35

2.

FLASHCARD QUESTION

Front

$5000 deposit earning 1.5% compounded quarterly after 3 years

Back

$5,229.70

3.

FLASHCARD QUESTION

Front

$13,500 deposit earning 3.3% compounded monthly after 1 year

Back

$13, 952.30

4.

FLASHCARD QUESTION

Front

Your 6 year investment of $40,000 at 14% compounded quarterly is worth how much now?

Back

$91,333.14

5.

FLASHCARD QUESTION

Front

Your $54,200 2 year car loan is at 15.1% compounded annually. What will you have paid for your car after 2 years?

Back

$71,804.21

6.

FLASHCARD QUESTION

Front

Will deposits $1650 for three years at 3% interest, compounded daily. What is his ending balance?

Back

$1,805.38

7.

FLASHCARD QUESTION

Front

Avery deposits $8000 in a one year CD at 3.2% interest, compounded daily. What is Avery's ending balance?

Back

$8,260.13

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