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30 seconds
1 pt
What is 7.25% converted to a decimal?
.725
0.725
0.0725
7.25
Multiple Choice
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30 seconds
1 pt
Convert .1% into a decimal number.
1
.01
.001
.1
Multiple Choice
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30 seconds
1 pt
Convert 150% into a decimal number.
.15
1.5
15
.015
Multiple Choice
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30 seconds
1 pt
Which of these circumstances would require the formula A=Pert ?
Daily
Monthly
Quarterly
Continuously
Multiple Choice
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1 minute
1 pt
What is "n" if the interest is compounded monthly?
2
12
365
4
Multiple Choice
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1 minute
1 pt
What is "n" if the interest is compounded semi-annually?
1
12
365
2
Multiple Choice
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1 minute
1 pt
What is "n" if the interest is compounded daily?
1
12
365
4
Multiple Choice
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1 minute
1 pt
What is "n" if the interest is compounded quarterly?
1
12
2
4
Multiple Choice
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3 minutes
1 pt
If you are taking out a loan, is it better to have interest compounded daily or quarterly at 7%?
Daily - so you owe money more often
Quarterly - so you owe money less frequently
who knows
I need to consult my financial analyst
Multiple Choice
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3 minutes
1 pt
If you are opening a savings account, is it better to have interest compounded daily or quarterly at 7%?
Daily - so you earn money more often
Quarterly - so you earn money less often
who knows
I need to consult my financial analyst
Multiple Choice
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15 minutes
1 pt
If you invest $300 at 6% compounded monthly, how much money do you have after 4 years?
$381.14
$381.15
$1274.01
$381.37
Multiple Choice
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15 minutes
1 pt
If you invest $300 at 6% compounded continuously, how much money do you have after 4 years?
$381.14
$381.15
$1274.01
$381.37
Multiple Choice
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15 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
Multiple Choice
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15 minutes
1 pt
If you borrow $600 at 12% compounded daily, how much money do you owe after 30 years?