
Time Value of Money
Authored by Mrs. Beck
Biology
10th Grade
Used 2+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays a simple interest rate of 3.8%. What will be the amount of interest earned after 15 years?
$3182.50
$270.75
$2707.50
$745.75
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is the formula for simple interest?
A=P(1+r)t
FV = PV + n(PV × i)
I=P(1+r)t
A=Prt
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What does the P in I =PRT mean?
Power
Principal
Product
Percent
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Principal and Interest are always___________.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Question #5
In the formula I=P·R·T, what does r stand for in a loan?
A. Rate: the interest percentage you will pay on a loan
B. Ratio: the size of the interest interval compared to time
C. Return: how much money you end up earning
D. Reserves: how much money you have in the investment
A
B
C
D
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The simple interest formula is I=Prt. What does the t represent?
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Your 3 year investment of $20,000 received 5.2% interest compounded annually. What is your total return?
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