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Simple Interest
Compound Interest
Mortgages
Stats Terms
Mixed Finance/Stats
100
I = P r t
Name formula for simple interest I.
100
A = P(1+r/n)^(nt)
Name compound amount formula.
100
principal
Term for mortgage amount borrowed.
100
population
All individuals studied = ?
100
$9
Simple interest $100 at 3% for 3 yrs?
200
$20
Find I on $200 at 5% for 2 years.
200
$110
$100 at 10% annual for 1 year = ?
200
payment
Fixed monthly amount is called what?
200
sample
Part of population studied = ?
200
minimum
Data spread measured by range = max minus ___?
300
$180
Find total A if I=$30 and P=$150.
300
12
At 12% compounded monthly, n = ?
300
interest
Which part usually larger early: interest or principal?
300
median
Middle value when ordered = ?
300
random sample
Which sampling method uses chance?
400
6%
Find r if I=24, P=200, t=2.
400
$540.80
$500 at 4% annual for 2 years = ?
400
principal borrowed
Down payment reduces what?
400
mean
Average = ?
400
principal
Balance on loan is principal or mean?
500
years
In I=Prt, t is measured in what unit?
500
compound
Compound vs simple: which earns interest on interest?
500
360
30-year mortgage has how many monthly payments?
500
mode
Most frequent value = ?
500
outlier
A data value far from rest is a(n) ___?