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Quarterly means how many times a year?

• 4

• 2

• 1

• 6

What does the n stand for in this formula?

• Initial amount

• Final amount

• Rate

• Time

• The number of times compounded per year

What does the r stand for in this formula?

• Initial amount

• Final amount

• Rate

• Time

• The number of times compounded per year

Number of times interest is compounded (n) annually ​ (a)   time , semi-annually ​ (b)   times, quarterly ​ (c)   times, and monthly ​ ​ (d)   times.

• 1
• 2
• 4
• 12
• 3
• 24
• 26

This is an example of:

(a)  

• Exponential Growth
• Linear Growth
• Linear Decay
• Exponential Decay

What is the equation that represents the exponential function in the image below?

• y=3(½)^x
• y=3(2)^x
• y=(2)^x
• y=2(3)^x

Identify the following exponential function
y = 31(1.54^x) 

• Exponential Growth
• Exponential Decay

If t(n) represents number of candy bars,and n is number of months, how many candy bars will you have in 8 months when t(n) = 190(1.12)ⁿ ?

• 470.4

• 190

• 112

• 200

Daisy received $2 on her first birthday. Each year, the amount of money she received tripled. How much money will she receive on her 5^th birthday?

• $10

• $300

• $162

• $416

The Henley's took out a loan for $195,000 to purchase a home. At a 4.3% interest rate compounded annually,how much interest will they  have paid after 30 years?

• $412,749.79      Labor Day
• $429,305.61            the 4th of July
• $471,259.24  Groundhog Day
• $494,546.99 Valentine’s Day