Compound Interest

Front

3-year investment of $20,000 with 5.2% interest compounded annually. What is the total return?

Back

$23,285.05

Front

Borrowed $59,000 for 2 years at 11% compounded annually. What total will you pay back?

Back

$72,693.90

Front

6-year investment of $40,000 at 14% interest compounded annually

Back

$87,798.90

Front

Semi-Annually means how many times a year?

Back

2

Front

Change 6.75% to a decimal.

Back

.0675

Front

Riley invested $1,000 in savings bonds with 6.75% interest compounded semi-annually. How much total will Riley earn in 15 years?

Back

$2,706.86

Front

Olivia buys furniture on credit with 9.5% interest compounded quarterly. She spent $7,400. How much will she have paid after 8 years?

Back

$15,683.28

Front

Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.

Back

$12,749.30

Front

Given an investment of $1,500:
Which investment would have a larger balance after 5 years?
Option 1 - 4% compounded monthly
Option 2 - 3.9% compounded daily.

Back

Option 1

Front

Shawn is buying a new Jet Ski for $12,500. He is considering 2 credit options. Option A offers a 6 year loan with 8.5% interest compounded quarterly, while Option B offers a 5 year loan with 10% interest compounded annually.Which option is better and how much will he save?

Back

Option B; $573.83