QUIZ 4 (Q2) Annuities & Credit Cards (5.8)
Quiz
•
Mathematics
•
10th - 12th Grade
•
Hard
Standards-aligned
Aaron Munguia
Used 119+ times
FREE Resource
11 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
John deposits $2,000 yearly into a retirement account (annuity). The account pays 7% compounded annually. How much money will be in the account after 25 years?
$78,268.97
$126,498.08
$42,160.07
$124,498.10
Tags
CCSS.HSF.BF.A.2
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Jose deposited $3,000 quarterly into an annuity for 2 years at 4%. If the money was compounded quarterly, how much is in the account at the end of the 2 years?
$24,867.03
$35,899.23
$24,857.01
$25,861.31
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cynthia invested $2,000 at 4% annually for 10 years. Every year she deposited $2,000 into the account. What is her future value after 10 years?
$44,512.78
$24,512.78
$24,512.19
$24,012.22
Tags
CCSS.HSF.BF.A.2
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mr. Munguia is investing $5,000 quarterly for 2 years at 6% interest in an annuity. How much money is in the account at maturity?
$42,164.20
$42,270.20
$52,164.20
$42,284.89
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Merbert deposits $500 every quarter in an annuity earning 6.2% compounded quarterly. How much will Alex have saved in 20 years?
$72,164.20
$78,158.07
$82,164.19
$42,164.20
Tags
CCSS.HSF.BF.A.2
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Jenkins deposited $5,000 into an annuity after each quarter for 3 years at 6% interest compounded quarterly. How much money will Jenkins have after the 3 years.
$65,858.05
$66,506.49
$65,206.05
$67,444.07
Tags
CCSS.HSF.BF.A.2
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Tags
CCSS.6.RP.A.3C
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