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QUIZ 4 (Q2) Annuities & Credit Cards (5.8)

Authored by Aaron Munguia

Mathematics

10th - 12th Grade

CCSS covered

Used 120+ times

QUIZ 4 (Q2) Annuities & Credit Cards (5.8)
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11 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

John deposits $2,000 yearly into a retirement account (annuity). The account pays 7% compounded annually. How much money will be in the account after 25 years?

$78,268.97

$126,498.08

$42,160.07

$124,498.10

Tags

CCSS.HSF.BF.A.2

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Jose deposited $3,000 quarterly into an annuity for 2 years at 4%. If the money was compounded quarterly, how much is in the account at the end of the 2 years?

$24,867.03

$35,899.23

$24,857.01

$25,861.31

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cynthia invested $2,000 at 4% annually for 10 years. Every year she deposited $2,000 into the account. What is her future value after 10 years?

$44,512.78

$24,512.78

$24,512.19

$24,012.22

Tags

CCSS.HSF.BF.A.2

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mr. Munguia is investing $5,000 quarterly for 2 years at 6% interest in an annuity. How much money is in the account at maturity?

$42,164.20

$42,270.20

$52,164.20

$42,284.89

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Merbert deposits $500 every quarter in an annuity earning 6.2% compounded quarterly. How much will Alex have saved in 20 years?

$72,164.20

$78,158.07

$82,164.19

$42,164.20

Tags

CCSS.HSF.BF.A.2

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Jenkins deposited $5,000 into an annuity after each quarter for 3 years at 6% interest compounded quarterly. How much money will Jenkins have after the 3 years.

$65,858.05

$66,506.49

$65,206.05

$67,444.07

Tags

CCSS.HSF.BF.A.2

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

75% of what number is 48?

48
100
64
75

Tags

CCSS.6.RP.A.3C

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