WorksheetsUnit 4 Math Analysis Review
Total questions: 16
Worksheet time: 10mins
You deposit $3,000 into a savings plan at the end of each year for seven years. The interest rate is 6% per year compounded annually.
Find the value of the annuity after seven years.
$25,181.51
$129217.73
$75181.51
Based off your answers from question 1, find the interest on your account after 7 years.
$4,181.51
$21,000
$11,181.51
You deposit $750 into a savings plan at the end of each year for 30 years. The interest rate is 9.8% per year compounded annually.
a. Find the value of the annuity after 30 years.
$100,360.00
$130,678.48
$118,793.02
Based off your answer from question 3, what is the interest on your account after 30 years?
$141293.02
$22,500
$96,293.02
At age 25, to save for retirement, you decide to deposit $900 into an IRA at the end of each month at an interest rate of 7.35% per year compounded monthly,
a. How much will you have from the IRA when you retire at age 65?
$2,607,720
$196,702.57
$500,675.83
Based off your answer from number 5, what would the interest be?
$2,175,720
$432,000
$900,680
At age 20, to save for retirement, you decide to deposit $500 into an IRA at the end of each month at an interest rate of 6.8% per year compounded monthly.
a. How much will you have from the IRA when you retire at age 70?
$189,900.11
$2,530,403.58
$876,345.82
Based off your answer from number 7, what will your interest be?
$164,900.18
$2,230,403.58
$765,814.82
Use the image pictured here to answer the question: What is the daily average balance for the billing period? Round to the nearest cent.
$143,241.20
$5,130.60
$4,620.68
Based off your answer from the previous question, find the interest. Round to the nearest cent.
$5,130.60
$877.93
$87.79
Based off your answer from the previous question, find the balance on June 1. Round to the nearest cent.
$5,130.60
$5,218.39
$4,708.47
Based off your answer from the previous question, determine the minimum monthly payment. Minimum due is $10 if the balance due at the end of the billing cycle is less than $360. Otherwise, the minimum is 1/36 of the balance. Round to the nearest whole dollar.
$145
$131
$189
Find the average daily balance for the billing period. ROUND TO THE NEAREST CENT
(a)
Find the interest to be paid on June 1. ROUND TO THE NEAREST CENT.
(a)
Find the balance on June 1. ROUND TOI THE NEAREST CENT.
(a)
Determine the minimum monthly payment. Minimum due is $10 if the balance due at the end of the billing cycle is less than $360. Otherwise, the minimum is 1/36 of the balance.
(a)
