TEKS.MATH.9-12.X.B.2

Given an investment of $1,500:
Which investment would have a larger balance after 5 years?
Option 1 - 4% compounded monthly
Option 2 - 3.9% compounded daily. 

• Option 1
• Option 2

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TEKS.MATH.9-12.X.B.2

A quick way to estimate how long it takes for your money to double is called...

• rule of 72

• compound interest

• simple interest

• inflation

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TEKS.MATH.9-12.X.B.2

If you write checks for more than you have in your checking account, your account...

• cannot have outstanding transactions
• will be overdrawn
• will be automatically reconciled
• does not meet credit union regulations

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TEKS.MATH.9-12.X.B.2

Topic Question Pt. 3: What does "r" stand for in the compound interest formula?

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TEKS.MATH.9-12.X.B.2

TEKS.MATH.9-12.VIII.A.1

A plan for spending

• income
• expenses
• sales tax
• budget

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TEKS.MATH.9-12.X.B.2