Simple Interest
Compound Interest
Mortgages
Stats Terms
Mixed Finance/Stats
100
I = P r t
Formula for simple interest I?
100
A = P(1+r/n)^(nt)
Compound balance formula (n/yr).
100
Interest
Mortgage payment has principal plus what?
100
Sum divided by count
Mean is defined as what?
100
The 30 students
Identify sample: 30 of 300 students surveyed.
200
$10
Interest on $100 at 5% for 2 years.
200
12
At 6% compounded monthly, n equals?
200
Reduces it
A down payment does what to principal?
200
8
Median of 2, 8, 10.
200
Entire group of interest
Population is what?
300
$220
Balance $200 simple 10% for 1 year.
300
Increases amount
Compounding more often generally does what?
300
0.5%
Monthly rate for 6% APR?
300
2
Mode of 1,2,2,4.
300
6
Range of 3,7,9.
400
Convert months to years
Time in I=Prt if months?
400
$121
$100 at 10% annual for 2 years A?
400
360
30-year mortgage has how many monthly payments?
400
Sample
Statistic describes sample or population?
400
No
Biased convenience sample is random?
500
4 years
Solve t: $20=$100(.05)t
500
4
Quarterly compounding n?
500
Insurance
Escrow commonly pays taxes and what?
500
Population
Parameter describes what?
500
Eye color
Categorical variable: eye color or height?
M
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