savings

Semi-Annually means how many times a year?

• 4 
• 2
• 1
• 6

Tags

CCSS.3.MD.A.1

Change 6.75% to a decimal.

• 67.5
• .675
• 675
• .0675

Tags

CCSS.5.NBT.A.3

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

• $1,584.62
• $2,651.39
• $2,706.86
• $1,825.10

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

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

• $12712.31
• $12,749.30
• $12,657.59
• $12550.84

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSA.SSE.B.4

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

Your returns (or interest rate) are 6% a year. How long before your investment doubles?

• 18 years
• 16 years
• 12 years
• 8 years

What interest rate would you need to double $3500 in 9 years?

• 7%
• 10%
• 8%
• 38.8%

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.B.4

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

Interest that is calculated on principle plus interest is known as:

• simple interest
• compound interest

Steady rise in the general level of prices is known as

• Inflation
• Interest
• Time Value of Money
• Principal

If you invest $500 a month for 30 years at a rate of return of 12%, what would be the future value of your investment?

• $53,578

• $1,747,482

• $257,950

• 823,561

If you invest 10% of your income monthly and you earn $4,500 per month, then what is the future value of your investment if you invest for 20 years at an 8% return?

• $265,059

• $3,109

• $74,950

• $128,432