Show:
Simple interest
Compound
Mortgages
Stats terms
Mixed finance
100
Interest on $200 at 5% for 3 years.
$30
100
$100 at 10% annually 2 yrs; balance.
$121
100
In P( r/12 ) payments, r is annual ___ rate.
interest
100
Mean of 2,4,6.
4
100
Simple interest formula.
I = Prt
200
Simple-interest total for $500,4%,2 yr.
$540
200
Compounds twice yearly: rate per period at 8%.
4%
200
A mortgage principal is amount ___.
borrowed
200
Middle value is called ___.
median
200
Compounding monthly means n = ___.
12
300
Find rate: $24 interest on $200 in 2 yr.
6%
300
Number of periods for monthly, 3 years.
36
300
30-year loan has how many monthly payments?
360
300
A subset of population is ___.
sample
300
Sampling every 10th person is ___.
systematic
400
Find time: $60 on $300 at 5%.
4 years
400
$500 at 4% annual 1 yr; interest.
$20
400
A down payment generally reduces ___.
principal
400
Categorical or quantitative: eye color.
categorical
400
Balance vs interest: which includes principal?
balance
500
Interest for $1000,6%,6 months simple.
$30
500
Formula for balance with P,r,n,t.
A = P(1+r/n)^(nt)
500
Fixed-rate means payments use a rate that ___.
stays constant
500
Difference max−min is ___.
range
500
Bias from volunteers is ___ bias.
selection/voluntary response