Karla invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Karla earn in 15 years?
$1,584.62
$2,651.39
$2,706.86
$1,825.10
2. Multiple Choice
5 minutes
1 pt
Emily 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
3. Multiple Choice
1.5 minutes
1 pt
Monthly means how many times a year?
4
12
52
365
4. Multiple Choice
5 minutes
1 pt
Principal: $999 Interest Rate: 5.45% Time: 19 years Compounded Quarterly State the future account balance.
$2794.10
$2738.11
$2774.98
$2807.11
5. Multiple Choice
5 minutes
1 pt
Principal: $5000 Interest Rate: 3.75% Time: 25 years Compounded Monthly State the future account balance.
$12712.31
$12,749.30
$12,657.59
$12550.84
6. Multiple Choice
5 minutes
1 pt
Jay'den earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 year?
$827.52
$831.10
$839.45
$846.80
7. Multiple Choice
1.5 minutes
1 pt
The Arnold's took out a loan for $195,000 to purchase a home. At a 4.3% interest rate compounded annually, how much total will they have paid after 30 years?
$412,749.79
$529.305.61
$689,546.99
$640,891.53
8. Multiple Choice
1.5 minutes
1 pt
Change 6.75% to a decimal.
67.5
.675
675
.0675
9. Multiple Choice
45 seconds
1 pt
Semi-Annually means how many times a year?
4
2
1
6
10. Multiple Choice
5 minutes
1 pt
Courtney saved up $2,200 working as a waitress over the summer. She put this money into a bank account that earned 5.2% interest and is compounded daily. How much will she have in her account at the end of 4 years?