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- 1. Multiple ChoiceRiley invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Riley earn in 15 years?$1,584.62$2,651.39$2,706.86$1,825.10
- 2. Multiple ChoiceJohn just opened a savings account and wants to maximize the amount of interest he earns. Which of the following actions enable him to earn MORE interest?selecting an account with low interest rateleaving his money in the account for long period of timetransferring money into his checking account each monthtaking the money out as soon as possible
- 3. Multiple ChoiceMark took a loan out for $25,690 to purchase a truck. At an interest rate of 5.2% compounded monthly, how much interest will he have paid after 5 years.$33,299.42$7,609.42$4,157.04$34,389.55
- 4. Multiple ChoiceKennedy won $3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% interest compounded quarterly, how much interest will she earn in 10 years?$1,933.28$4,933.28$1,005.09$4,005.09
- 5. Multiple ChoiceTuition for Bubba Gump University costs $10,000 per year. Forrest Gump would like to attend, and plans on saving for the next 2 years. If he already has $4600 saved, what is the minimum amount needed to save per month to cover one year of tuition?$2700 per month$450 per month$225 per month$416.67 per month
- 6. Multiple ChoiceEmily's parents put $1,500 in her bank account for college tuition. At an interest rate of 8.25% compounded semi-annually, what will be the balance after 18 years?$6,273.50$6,314.08$6,385.72$6,427.94
- 7. Multiple ChoiceOlivia would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded quarterly. If she spent $7,400, how much total will she have paid after 8 years.$15,415.94$15,683.28$15,927.56$16,109.05
- 8. Multiple ChoiceThe Henley's took out a loan for $195,000 to purchase a home. At a 4.3% interest rate compounded annually, how much total interest will they have paid after 30 years?$412,749.79$494,546.99$689,546.99$640,891.79
- 9. Multiple Choice
$93,690$97,644$103,140$112,647 - 10. Multiple Choice$21,987$30,789$32,357$41,189
- 11. Multiple Choice$315,006$252,342$334,244$244,334
- 12. Multiple Choice$128,660$166,280$175,335$250,354
- 13. Multiple Choice$23,436$53,643$32,536$15,324
- 14. Multiple Choice$94,649$107,235$110,235$88,123
- 15. Multiple Choice$313,243$51,458$31,243$10,123
- 16. Multiple Choice$92,087$108,022$123,354$144,350
- 17. Multiple Choice$105,654$133,105$164,133$112,822
- 18. Multiple Choice$128,660$77,724$80,234$155,351
- 19. Multiple Choice$287,158$222,320$240,155$289,875
- 20. Multiple Choice$88,201$36,302$38,288$38,402
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