

Exploring Annuity Due and Future Value Calculations
Interactive Video
•
Mathematics
•
9th - 12th Grade
•
Practice Problem
•
Hard
+1
Standards-aligned
Amelia Wright
FREE Resource
Standards-aligned
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an annuity due?
A type of annuity with payments at the end of each period
A type of annuity with payments at the beginning of each period
A type of loan repayment
A type of insurance policy
Tags
CCSS.HSA.SSE.B.4
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the variable 'C' represent in the annuity formula?
The future value of the annuity
The total number of payments
The regular deposit or payment amount
The interest rate
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to convert the interest rate to a decimal in the formula?
To avoid unrealistic results
To increase the future value
To simplify the calculation
To decrease the number of payments
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the provided example, how much is deposited annually for college savings?
$2,000
$1,500
$1,000
$500
Tags
CCSS.HSF.BF.A.2
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the interest rate used in the college savings example?
5%
4%
6%
3%
Tags
CCSS.HSF.BF.A.2
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many years are the deposits made in the example?
15 years
18 years
20 years
25 years
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the final amount available for the child's education after 18 years?
$29,539
$28,132.38
$30,000
$25,000
Tags
CCSS.HSF.BF.A.2
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