Algebra with Finance Semester Study Guide 2023-2024

Front

What is 1.5 as a percent?

Back

150%

Front

The proprietorship element goods or merchandise in a corporation usually divided into shares and represented by transferable certificates.

Back

Stock

Front

Write 35% as a fraction in simplest form.

Back

Front

Interest that is earned not only on the original principal, but also on all interests earned previously.

Back

Compound interest

Front

To qualify for an FHA loan, you have to meet which one of the following requirements: have a credit score above 500, not be a legal resident of the US, be unemployed, none of the above.

Back

Have a credit score above 500

Front

What is the formula for calculating simple interest?

Back

Simple Interest = Principal × Rate × Time

Front

Define compound interest.

Back

Interest calculated on the initial principal and also on the accumulated interest from previous periods.

Front

Convert 0.75 to a percent.

Back

75%

Front

What is the formula for calculating the future value of an investment with compound interest?

Back

Future Value = Principal × (1 + Rate)^Time

Front

What does APR stand for in finance?

Back

Annual Percentage Rate