

Understanding Present Value and Interest Rates
Interactive Video
•
Mathematics, Business
•
9th - 12th Grade
•
Practice Problem
•
Hard
Amelia Wright
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the future account balance that the problem aims to achieve?
$5,000
$4,000
$3,000
$2,000
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the interest rate used in the problem?
2%
3%
4%
5%
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which variable represents the starting amount in the first formula?
A
P sub zero
P sub N
P
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the second formula, what does 'K' represent?
Interest rate
Number of compounds per year
Time in years
Future value
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the value of 'R' as a decimal in the equation?
0.04
0.03
0.02
0.05
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many times is the interest compounded annually in this problem?
24
12
52
6
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the total number of months used in the calculation?
30
120
60
240
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