Simple Interest
Compound
Mortgages
Stats Terms
Mixed Finance
100
$30
Find interest: P=$200 r=5% t=3 years
100
A=P(1+r/n)^(nt)
Formula for compound amount with n compounds/year
100
loan principal
In payment formula, P means what?
100
population
Entire group studied is called?
100
compound interest
Simple interest vs compound: which pays interest on interest?
200
$108
Simple interest total on $100 at 4% for 2 years
200
$121
$100 at 10% compounded annually for 2 years
200
360
Monthly periods in a 30-year mortgage
200
sample
Subset chosen is called?
200
categorical
Categorical or quantitative: eye color
300
5%
Simple interest rate if $50 interest on $500 for 2 years
300
12
For monthly compounding, n equals?
300
0.5% (0.005)
Monthly rate from 6% annual
300
mean
Average found by sum/count
300
2
Mode of 2,2,3,5
400
2 years
Time for $60 interest on $300 at 10%
400
$520
For $500 at 4% compounded annually 1 year
400
principal borrowed
Down payment reduces which amount?
400
median
Middle value when ordered
400
voluntary response bias
Bias when volunteers choose themselves
500
$12
Simple interest on $800 at 3% for 6 months
500
1+r/n
Name the growth factor in (1+r/n)^(nt)
500
principal
Total interest equals total payments minus what?
500
range
Measure max minus min
500
$1,200
If monthly payment $100 for 12 months = total payments?
M
e
n
u