Simple Interest
Compound Interest
Mortgages
Stats Terms
Mixed
100
What is $10?
Find interest on $100 at 5% for 2 years.
100
What is $110.25?
At annual compounding, $100(1.05)^2 rounds to?
100
What is amount borrowed/balance?
A mortgage's principal is what?
100
What is entire group of interest?
Define population.
100
What is 4?
Mean of 2,4,6.
200
What is $206?
Find total amount for $200 at 3% simple for 1 year.
200
What is 12?
How many compounding periods in 3 years quarterly?
200
What are principal and interest?
In fixed-rate mortgage, monthly payment (excluding tax) is used for what two items?
200
What is subset of population?
A sample is what?
200
What is 0.5%?
Identify rate per period for 6% compounded monthly.
300
What is 5%?
Using I=Prt, solve r when I=20,P=200,t=2.
300
What is A=P(1+r/n)^(nt)?
Formula for compound amount.
300
What is principal (decreases it)?
Down payment generally changes which amount financed?
300
What is a number from a sample?
Define statistic.
300
What is 3?
Median of 1,9,3.
400
What is $10?
Simple interest on $500 at 4% for 6 months.
400
What is $550?
$500 at 10% annual compounded once for 1 year amount.
400
What is 360?
A 30-year monthly mortgage has how many payments?
400
What is categorical?
Categorical or quantitative: eye color.
400
What is 6?
Range of 2,8,5.
500
What is time in years?
What does t measure in I=Prt (if r annual)?
500
What is increases it?
More frequent compounding (same APR) does what to amount?
500
What is the home/property?
Collateral for mortgage is what?
500
What is a number describing population?
Define parameter.
500
What is systematic sample?
Sampling every 10th person is what type?
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