WorksheetsConsumer Math - Investing
Total questions: 24
Worksheet time: 26mins
Find the balance in the account after the given period.
$5000 deposit earning 1.5% compounded quarterly after 3 years
$5,229.70
$7,604.38
$7,777.27
$5,538.86
An investment of $9,875 earns 4.8% interest compounded monthly over 12 years. Approximately how much INTEREST is earned on the investment?
$7,457.95
$10,359.57
$17,546.55
$484.57
Avery deposits $8000 in a one year CD at 3.2% interest, compounded daily. What is Avery's ending balance?
$8,528.72
$8,000.70
$8,256.00
$8,260.13
Sue got an $8000 loan to buy a used car. Due to her bad credit, the interest rate was 16.8%. If the loan length was 60 months, how much did she end up paying for the car?
$6720
$14720
$80,640
$8672
I deposited $46,875 into a simple interest, and at the end of 1 year 8 months, the account had grown to $50,000. Find the rate of interest per year.
64%
4%
4.167%
66 2/3%
It is a series of equal payments at regular intervals.
Interest
Annuity
Logic
Proposition
Kailee saves $500 at the end of each quarter in an ordinary annuity earning 6.2% interest compounded quarterly. How much will Kailee have saved in 20 years?
Future value = 78,058.07
Future value = 78,158.07
Future value = 87,258.07
Future value = 38,158.07
John deposits $2,000 yearly into a retirement account (annuity). The account pays 7% compounded annually. How much money will be in the account after 25 years?
$78,268.97
$126,498.08
$42,160.07
$124,498.10
You are purchasing a car that has a cash price of $14,979 and make a 5% down payment. Calculate the amount of your down payment.
$14,230.05
7,489.50
$11,471.23
$748.95
If Terence has a balance of $439.50 on a credit card that charges a finance charge computed at 3.5%, what is the new balance? Round your answer to the nearest cent.
$455.35
$443.00
$454.88
$424.12
The current balance is $306.55 on your credit card. You then make a purchase of $209.54 followed by a payment of $175.00. If the finance charge is $6.75, what is your new balance?
$347.84
$492.09
$571.37
$306.55
What type of credit is demonstrated in this scenario?
Patrick took a loan of $50,000 with a repayment period of five years from a bank to start his own business. Every month he has to pay the bank $900 to repay the loan.
unsecured credit
secured credit
revolving credit
installment credit
You purchase a home for $212,000 and had to put down 10% of the price of the home as a down payment. What is the principal of the loan?
$21,200
$190,800
$233,200
Use an online mortgage calculator to find the monthly mortgage payment on a house that is listed at $117,000. Your mortgage is for 15 years with an interest rate of 4.25%. Your down payment is 10%.
$774
$921
$1,048
What is the ticker symbol?
KEL
LOW
ORLY
JKHY
What was the opening stock price for the day?
$345.56
$327.45
$345.57
$344.47
When a company earns a profit, sometimes those profits are distributed to the company’s shareholders. This means those shareholders are paid a _________________.
dividend
asset
stock
bankrupt
Buying and Selling Stocks
Randy just bought 800 shares of stock in Facebook at $19.50 per share. A stock company that you have been working with charges $10 per transaction and you want to sell because the current rate for your shares skyrocketed and is at $34.50 per share. How much did Randy buy from Facebook?
800∗$34.50=$27,600.00
800∗$19.50=$15,600.00
$27,600−$15,600=$12,000.00
$12,000.00−$20.00=$11,980.00
Buying and Selling Stocks
Randy just bought 800 shares of stock in Facebook at $19.50 per share. A stock company that you have been working with charges $10 per transaction and you want to sell because the current rate for your shares skyrocketed and is at $34.50 per share. What was Randy's Sell price?
800∗$34.50=$27,600.00
$27,600−$15,600=$12,000.00
$12,000.00−$20.00=$11,980.00
800∗$19.50=$15,600.00
An interest bearing account into which we make a series of payments of the same size is known as
A savings account
An annuity
A checking account
A mortgage
The type of account that pays interest on both the principal and the accrued interest uses calculations involving
Simple interest
Compound interest
Annuities
mortgage
If you get a paycheck every other Friday for $1400, what is your monthly take-home pay?
$2800
$3042
$2585
