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Banking Unit pt. 2

Authored by Giacomo Cavallaro

Life Skills

9th - 12th Grade

Banking Unit pt. 2
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16 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

​ Compound Interest Formula

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does A variable Mean in compound formula

Value. What we are solving for

initial value

# of payments each year

annual interest

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does P variable mean in the compound formula

Value. What we are solving for

the initial value

annual interest

payments each year

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does r variable mean in the compound formula

Value. What we are solving for

the initial value

annual interest

payments each year

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does n variable mean in the compound formula

how many years

the initial value

annual interest

payments each year

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does t variable mean in the compound formula

how many years

the initial value

annual interest

payments each year

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

annual % rate borrowing cost

Interest

Deposit

Withdrawl

Fees

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