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- 1. Multiple ChoiceYour 3 year investment of $20,000 received 5.2% interest compounded annually. What is your total return?$23,285.05$3,285.05$2,385$32,285
- 2. Multiple ChoiceYou borrowed $59,000 for 2 years at 11% which was compounded annually. What total will you pay back?$13,693.90$1,363.90$72,693.90$73,793.90
- 3. Multiple ChoiceYour 6 year investment of $40,000 at 14% interest compounded annually is worth how much now?$47,798.90$87,798.90$127,798$7,798
- 4. Multiple ChoiceFind the total amount in the account to the nearest cent if the interest is compounded annually.
$2750 at 8% for 2 years$220$440$660 - 5. Multiple Choice
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
- 6. Multiple Choice
Hei-Hei has $1500 in a retirement account earning 5% interest compounded annually. After 5 years how much does Hei-Hei have in the account?
$1750
$2010.14
$2500
$1914.42
- 7. Multiple Choice
Henry deposits $750 into a college savings account that is compounded annually when his parents received as a stimulus package. If Henry lets the money sit in the account without adding or removing any and receives a 8.5% interest rate, how much money will he have total after 5 years?
$1127.74
$1535.24
$2345.67
$850.76
- 8. Multiple Choice
Julia invested $1000 for college in an account earning 5% compounded annually. When she checked the account after 4 years, how much money did she find in the account?
Not enough
$563.24
$1215.51
$3200.12
- 9. Multiple Choice
John invested $6,000 into an account that pays 8% annual compound interest. What will the balance of his account be after 6 years?
9,521.25
10,851.26
3,521.25
2,986.24
- 10. Multiple Choice
Samantha made an initial investment of $16,500 into her retirement account. It will pay 12.5% interest compounded annually. What will her balance be after twenty years?
173,994.05
186,789.26
157,494.05
152,383.26
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