FIN242
Business, Other
University
CCSS covered
Used 56+ times
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11 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The amount money a person expects to have in the future is called
Tags
CCSS.8.EE.C.7B
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Earning interest on interest is called
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The idea that money to be paid out or received in the future is not equivalent to money paid out or received today
Tags
CCSS.8.EE.C.7B
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
You invest $475 in an account that pays 3% simple interest annually. How much money do you have after five years?
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
You invest $800 in an account that pays 6% interest, compounded annually. How much money do you have after five years? Round your answers to the nearest cent.
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Steady rise in the general level of prices is known as
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Katie invested $6,500 in a savings account earning 12% interest compounded quarterly. What is the future value of this investment after five years? Round your answers to the nearest cent.
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