Coumpound Interest

Annually means how many times a year?

• 4

• 2

• 6

• 1

Semi-Annually means how many times a year?

• 4

• 2

• 1

• 6

The length of period from the date the loan is made to the date the loan becomes due payable.

• Quarterly

• Annually

• time

• monthly

The difference between the maturity value and the present value.

• Simple Interest

• Future Value

• Accumulated Value

• Compund Interest

Trevor wants to have $4000 saved up in 3 years for a car. If he invests $1500 in a savings account that is compounded annually at an interest rate of 12%, will he have enough money at the end of the 4 years?

• Yes

• No

The compound interest formula is:

A = P(1 + r)^t

What does the A represent?

• The amount of interest earned.

  
  

• The total amount of money after a certain amount of time.

• The amount required to invest.

• The amount of time that has passed.
  

Tags

CCSS.HSF-IF.C.8B