Checking Account
When money goes into an account is called?
When money goes out of an account is called?
In- deposit
Out- Withdraw
What is one BIG difference between Checking accounts and Saving accounts?
Interest
How many types of interest have we gone over?
2
Simple and Compound
How many Categories do Annuities fall under
2
Ordinary annuity
Annuity Due
How many Sports does coach Hensley help with here?
4
Football, Baseball, Socer,Track
Write $65.29 in words.
Write twenty-three and 42/100 dollars as a number.
sixty-five and 29/100
$23.42
Write $21.44 as words and Three hundred ninety-six and 00/100 as a number
Twenty-one and 44/100 dollars
$396.00
$328.00 invested at 5% for 3 years
$49.20
Find the amount of $1.00 for the following:
end of the period deposit $3,000
Compounded Quarterly
Rate 4%
years 2
8.28567
Riddle me this:
What do you throw out when you want to use it but take in when you don't want to use it?
An anchor
You went to the bank and deposited the following into your account:
10-$10
12-$5
6-$1
7-0.25
8-0.10
2-0.05
Checks- $43.44
$212.09
What is the new balance if the previous balance was $650.25, interest was $4.02, the deposits was $125.44 and withdrawals was $50.00?
$729.71
How much is in the account if you started with $1,200.00 and your rate is 6% interest period is Quarterly and you want to find the amount after 2 quarters?
$1,236.27
Find the future value of the following:
End of period deposit $2,500
Compounded Quarterly
Rate 8%
years 3
FV-$33,530.23
Where was Coach Hensley born?
Texas
Last month you had a basic service charge of $7.95. Service charges including 6 fees at $0.70 each, a $25.00 overdraft fee, a $2.00 regional network ATM fee, and a cash advance fee of %2.5 of $400. what was the total service charge?
$49.15
You deposit money into your savings account. 1 check was for $536.78, another for $195.00, and a third check. Your total deposit was $1,146.23 after you received $125 in cash. what was the amount of the third check deposited?
$539.45
Principal is $750
Annual Rate 5.5%
Interest Periods per year is Quarterly
total time 1 year
Find compound interest using TABLE
$133.55
How much interest would you have earned if you save $500 at the end of each quarter in an ordinary annuity earning 7.2% interest compounded quarterly and saved for 20 years?
$47,971.89
Coach Hensley phrase he lives by every day
“Why fit in when you were born to stand out?”
-Dr. Seuss
You make a deposit at an ATM and receive $75.00 in cash and a receipt for the $872.25 total deposit. You remember that the checks deposited totaled twice the currency you deposited. You did not deposit any coins. What amount in currency did you deposit? what amount did you deposit in checks?
$315.75, 631.50
You get your account statement in the mail. It shows the present balance of $13,508.79 and a previous balance of $21,395.65. the statement also shows deposits of $498.88 and $8.10 and withdrawals of $8,498.23. /what interest amount did you earn?
$14.39
On June 30th, you deposited $1,500 into a savings account that pays 5.5% interest compounded daily. On August 1, how much interest had your account earned on the principal?
$7.25
Find annuity due of the following
$2,000 into account at the beginning of each year
7% compounded annually
in the account for 25 years
$135,352.95
Coach Hensley Favorite Disney Show
Phineas and Ferb