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- 1. Multiple Choice
Semi-Annually means how many times a year?
4
2
1
6
- 2. 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
- 3. Multiple ChoiceMonthly means how many times a year?41252365
- 4. Multiple Choice
Heather
invested $8,000 in a 4-year Certificate of Deposit (CD) that pays 4.1% interest
compounded annually. What is the value of the CD at the end
of the 4 years?
$9,394.92
$9,312.00
$1394.00
$1312.00
- 5. Multiple Choice
Zach'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
- 6. Multiple Choice
Approximately what interest rate would be needed in order to grow Christian's investment of $1400 to $2500 in 10 years if the interest was compound monthly?
5.96%
5.84%
5.81%
5.88%
- 7. Multiple Choice
Treasure 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 total will she earn in 10 years?
$4915.59
$3933.28
$2979.81
$4005.09
- 8. Multiple Choice
You want to save $5,000 for future family vacation. If you assume you can get an interest rate of 4.3% compounded monthly, then how much will you need to invest NOW to reach your vacation goal in 3 years?
$307,042,791
$5,000
$3,250
$4,395.89
- 9. Multiple Choice
Cora invested $400 at a rate of 35% for 8 months, compounded continuously. How much is her investment worth after 8 months?
$520.07
$505.12
$460.11
$7,643.74
- 10. Multiple ChoiceApproximately what interest rate would be needed in order to grow an investment of $1,400 to $2,500 in 10 years if the interest was compound monthly?5.96%5.84%5.81%5.88%
- 11. Multiple Choice
Johnny takes an undisclosed sum of money and deposits it in a bank at an interest rate of 2%. He leaves the money in the account for 6 years, compounded quarterly. If the Johnny withdraws after 6 years is $455,125, what was the sum of money he deposited?
$403 780
$404 138
$406 362
$436 870
- 12. 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 total will she earn in 10 years?$4915.59$3933.28$2979.81$4005.09
- 13. Multiple ChoiceIf you are opening a savings account, is it better to have interest compounded daily or quarterly at 7%?Daily - so you earn money more oftenQuarterly - so you earn money less oftenwho knowsI need to consult my financial analyst
- 14. Multiple Choice
Steve deposited
$5,000 in a savings account that pays 4% interest compounded annually. Which
equation could be used to find the value of the account after 3 years?
A = 5,000(1 + 4)3
A = 5,000(1 + 0.04)3
A = 5,000(1 + 0.4) x 3
A = 5,000(0.04)3
- 15. Multiple Choice
Kennedy 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?
$915.59
$933.28
$979.81
$1,005.09
- 16. Multiple ChoiceGary deposited $500 in an accoutn that earns 3% interest compounded annually. How much interest will the account earn after 6 years?$90.00$100.00$97.03$109.20
- 17. Multiple ChoiceTran invests $15,000 in a savings account that pays 4% simple interest. About how many years will it take for the account to double at this rate?7 years60 years25 years27 years
- 18. Multiple Choice
You deposit your life savings into Batrez Bank in the hopes it will double in 15 years. If Batrez Bank compounds quarterly, what interest rate are you hoping for?
4.64%
4.65%
13.9%
4.63%
- 19. Multiple Choice
Morales Bank offers you 3.9% interest compounded monthly. How long will it take for your money to triple if you use Morales Bank?
17 years and 10 months
28 years and 2 months
28 years and 3 months
29 years
- Answer choicesTagsAnswer choicesTags