Worksheets7.6 HW TVM Solver
Total questions: 12
Worksheet time: 3600secs
Mr. Jones has $410,000 in a retirement account that earns 3.85% compounded each year. Find the amount earned by this investment after 10 years.
$598,203.38
$426,061.30
$411,578.50
$411,581.24
Malik deposited $1050 in a savings account that compounds quarterly, it earned $241.50 in interest after four years. Find the interest rate on Malik’s savings account.
5.2%
35.1%
38.5%
6.6%
Kelli Rae’s inheritance from her great-grandmother was $300,000 after taxes. From that amount, she had to pay $80,000 in taxes. She invested the remaining amount in a savings account that is compounded monthly. After 10 years, Kelli Rae had $250,000. What is the interest rate on this account?
1.28%
15.44%
1.82%
11.45%
Mona opened a savings account with a $500 deposit and a monthly compounded rate of 5.6%. If there were no deposits or withdrawals, how much money is in the account after 8.5 years?
$803.92
$524.37
$520.18
$310.98
When Melissa was born, her parents put $8000 into a college fund account that earned 9% compounded semi-annually. Find the total amount in the account after 18 years.
$39,019.03
$17,667.83
$1,640.23
$9,573.44
In the TVM Solver, what does I% represent?
Interest rate as a %
Interest rate as a decimal
Level of interest in mathematics
In the TVM Solver, what does N represent?
Total number of compounding periods
Number of compounding periods per year
Number of years
Nachos
In the TVM Solver, what does PV represent?
Present value
Pre-visualization
Physical Volume
Pizza Village
In the TVM Solver, what does PMT represent?
Recurring payment/deposit amount
Project maturity table
Permit
Pulsed Magnetic Therapy
In the TVM Solver, what does FV represent?
Future Value
Favorite Vulture
FarmVille
Full Vacuum
In the TVM Solver, what does P/Y represent?
Payments per year
Part year
Patrol yacht
Payroll year
In the TVM Solver, what does C/Y represent?
Compounding periods per year
Calendar year
Current yield
Chinese yuan
