Simple Interest
Compound Interest
Mortgages
Stats Terms
Mixed Finance
100
$20
Find simple interest on $200 at 5% for 2 years.
100
$110
Annually: $100 at 10% for 1 year becomes?
100
amount borrowed
A mortgage principal is the _____.
100
entire group studied
A population is _____.
100
I = P r t
Simple-interest formula.
200
$560
Simple-interest total A for $500,4%,3y.
200
A = P(1+r/n)^(nt)
Formula for compounding n times/year.
200
0.5%
Monthly rate if APR is 6%.
200
subset of population
A sample is _____.
200
8
Compounding periods for quarterly 2 years.
300
$15
Interest for $1000 at 3% for 6 months.
300
$121
$100 at 10% compounded annually 2 years.
300
principal
Down payment reduces the _____.
300
5
Mean of 2,4,9.
300
compound
Which earns more at same r,t: compound or simple?
400
3 years
Solve t: I=30, P=200, r=5%.
400
4
Quarterly means n equals what?
400
stays the same
Fixed-rate means payment rate _____.
400
3
Median of 1,7,3.
400
$180,000
Balance minus down payment on $200k with $20k down.
500
5%
Find r: I=40,P=400,t=2.
500
$540.80
$500 at 8% compounded semiannually 1 year.
500
paying loan over time
Amortization describes _____.
500
categorical
Categorical or quantitative: eye color.
500
360
Term 30 years equals how many monthly payments?
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