Personal Finance Review

Front

What type of growth does a simple interest formula produce?

Back

linear

Front

What type of growth does a compound interest formula produce?

Back

exponential

Front

If interest is compounded bi-weekly, how many times a year is that?

Back

26

Front

If the simple interest formula is I=Prt, how do you solve for time?

Back

t=I/(Pr)

Front

What does the i equal in the compound interest formula if 6% is compounded semi-annually?

Back

0.03

Front

What does the n equal in the compound interest formula if 5% interest is compounded monthly for 2 years?

Back

24

Front

Future value of a $500 investment compounded quarterly for 5 years at 10% interest rate using TVM solver?

Back

819.31

Front

Which compounding period would produce the most interest? Options: weekly, monthly, daily, quarterly.

Back

daily

Front

What would you put into the PMT portion of a TVM calculator if you invest 500 dollars for 5 years at 10% interest rate compounded quarterly?

Back

0

Front

P/Y portion of a TVM calculator for 500 dollars invested for 5 years at 10% interest compounded quarterly?

Back

1