Show:
Simple Interest
Compound Interest
Mortgages
Stats Terms
Mixed Finance
100
I = P r t
Formula for simple interest I?
100
A = P(1+r/n)^(nt)
Compound amount formula with n compounds/year?
100
Interest
Mortgage payment usually combines principal and what?
100
Population
The whole group of interest in a study is the what?
100
$5
At 5% simple interest, interest on $100 for 1 year?
200
$16
I on $200 at 4% for 2 years?
200
$121
With annual compounding, $100 at 10% for 2 years becomes?
200
Down payment
A smaller upfront payment reducing loan principal is a what?
200
Sample
A subset chosen from a population is a what?
200
$530
Simple amount on $500 at 6% for 1 year?
300
3 years
Find t if I=$30, P=$200, r=5%.
300
12
If compounding monthly, n equals what?
300
0.5% or 0.005
Monthly rate for 6% annual rate?
300
Statistic
Numerical summary from a sample is a what?
300
Compound interest
Which grows faster at same rate/time: simple or compound?
400
4%
Find r if I=$24, P=$300, t=2 years.
400
4
Quarterly compounding means n equals?
400
360
30-year mortgage has how many monthly payments?
400
Mean
Average found by sum/count is the what?
400
Interest (I)
Simple interest total A equals P plus what?
500
0.75
Interest for 9 months uses t equal to what in years?
500
Principal (P)
Interest earned is A minus what?
500
Constant/the same
Fixed-rate mortgage payment generally stays what?
500
Median
Middle ordered value is the what?
500
24
Compounding monthly for 2 years gives nt equal to?