College Prep Finance Quiz

Find the amount of interest earned on a simple interest deposit of $12,000 for 7 months at 9%

Which of the following is the formula for the maturity value of compound interest?

Which holiday is Mrs. Jensen's birthday?

Which of the following is the formula for present value of simple interest?

Find the interest rate: $900 grows to $1,400 in 10 months

Find the compound amount for the deposit: $470 at 8% compounded semiannually for 12 years

Find the compound amount for the deposit: $6,500 at 5.5% compounded quarterly for 6 years

Where will you be one year from now?

The following equation is used to find what? I = Prt

Find the proceeds for the following loan: $50,900 discounted at 8.2% for 238 days

Find the present value of of the future amount: $48,000 for 8 months; money earns 6.3%

Find the future value: $1,800 at 12% for 12 months

The equation A = P(1 + rt) is used to find which of the following?

In order to find the proceeds of a loan, what must we do first?