Simple Interest
Compound Interest
Mortgages
Stat Terms
Mixed Finance + Stats
100
What is I = Prt?
State the simple interest formula.
100
What is principal plus previously earned interest?
Compound interest grows by earning interest on...
100
What is the monthly payment?
The fixed amount paid each month on a loan is called the...
100
What is the population?
A complete set of individuals/items of interest is the...
100
What are discrete data?
Data that are counts (0,1,2,3,...) are what type?
200
What is $60?
Find simple interest on $500 at 6% for 2 years.
200
What is (1.05)^3?
If r = 5% compounded annually for 3 years, write the growth factor.
200
What is principal?
In an amortization payment, the portion that reduces the loan balance is...
200
What is a sample?
A subset selected from a population is a...
200
What is a histogram?
A graph of contiguous bars for quantitative data is a...
300
What is $896?
Find future value for P=$800, r=4%, t=3 years with simple interest.
300
What is $1,210?
Compute A for P=$1,000, r=10%, n=1, t=2 using A=P(1+r/n)^(nt).
300
What is 360 payments?
How many payments are in a 30-year mortgage paid monthly?
300
What is systematic sampling?
Sampling where every k-th unit is chosen is...
300
What is the mean?
The average of a data set is the...
400
What is 3 years?
For simple interest, solve for time: I=$90, P=$600, r=5%.
400
What is compound interest?
Which earns more over time: simple or compound interest (same P, r, t)?
400
What is an escrow account?
Property taxes and homeowner's insurance added to payment are often held in...
400
What is the median?
The middle value of ordered data is the...
400
What is a deviation?
The amount a value differs from the mean is a...
500
What is $180?
A $2,000 loan at 12% simple interest for 9 months has interest of...
500
What is 12?
If interest compounds monthly, what is n in the formula?
500
What is an amortization schedule?
A table showing interest/principal split each payment is an...
500
What is sampling bias?
A sample that overrepresents one group has...
500
What is the standard deviation?
A distribution's spread is commonly measured by the...
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