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Rule 72, Compund and Simple Interest Flashcards | StudBud
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Rule 72, Compund and Simple Interest
Rule 72, Compund and Simple Interest
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1
The average stock market return is 11%. How long will it take to double your money?
6 years
6.45 years
6.44 years
6.54 years
2
Who was the AMA Supercross Champion in 2014?
Ricky Charmichael
Ryan Villipoto
James Stewart
Ryan Dungey
3
An 18 year old that has no credit will have a _____ interest rate vs. person with good credit?
the same
lower
higher
00000
4
As demand goes up, supply ____?
goes down
yep
stays the same
goes up
5
Who is this?
Optimus Prime
Optimus Crime
Bumblebee
Optimus Time
6
Savings accounts are more liquid than a Checking account?
False
$$$
True
$$$
7
Even the icecubes on lemonade stand can change the outcome of lemonade sold?
------
-----
True
False
8
Checking accounts earn interest.
True
>
False
<
9
Nike's company hit 1 billion dollars in what year?
2004
1776
1975
1986
10
What is the net pay?
$1000
$709.74
$290.26
$1000
11
Mr. Rhyne is in what branch of the military?
Army
Navy
Air Force
Marines
12
The FDIC insures up to how much?
$250,000
$150,000
$500,000
$75,000
13
You borrow $10,000 at 10% interest over 5 years. How much do you actually pay?
$11,000
$17,934
$20,000
$15,000
14
Money market account interest rates are based on what?
president
current rates
national bank
state
15
$12,000 with rate of 8.4% compounds semi-annually. Whats it worth in 3 years?
$4.00
$15,359.87
$13,098.31
$30,000.56
16
You can pull money out of a certificate of deposit.
;;;;;;
"""""
True
False
17
You currently have $3500 and need $7000 in 7 years, what interest rate is required?
15%
7%
5%
12%
18
If you invest $2,500 at 6.5% interest how long will it take to double?
10 years
12 years
11.5 years
11 years
19
Only certain people can be part of a credit union.
False
#
@
True
20
You have $5,000 and need $10,000 4 years from now. What interest rate do you need?
15%
18%
50%
19%
21
What is the year to date gross earnings?
$360.41
$14222.80
$3050.09
$458.8
22
What is it called when you write a check for more than the balance of your bank account?
overdraft
playin tha bank
bouncing
jumping
23
$20,000 has an interest rate of 18.5% and compounds 36 times a year. Whats it worth in 4 years
$41,839.35
$38,816.79
$42,004.55
$12,943.21
24
Mr. Krabs was accused of being a ______ in this episode?
A Truther
A Robot
A Demon
A Liar