Show:
Simple Interest
Compound
Mortgages
Stats Terms
Mixed Finance/Stats
100
10
Find interest: P=100 r=5% t=2.
100
A=P(1+r/n)^(nt)
Formula for amount compounded n times.
100
0.5% (0.005)
Monthly rate for 6% APR.
100
Population
Entire group studied is a ...
100
30
Simple interest on 1000 at 3% 1 yr.
200
220
Total amount for P=200 r=10% t=1.
200
121
100 at 10% annually 2 yrs amount.
200
360
30-year mortgage has how many payments?
200
Sample
Subset observed is a ...
200
2
Compounding twice a year means n=?
300
5%
I=30 P=300 t=2 find r.
300
4
If quarterly, n equals what?
300
Principal
Borrowed amount is called what?
300
Mean
Average found by sum/count.
300
Systematic
Survey every 10th person: sampling type.
400
10
P=500 r=4% t=0.5 find I.
400
Increases it
More compounding with same r does what to A?
400
Interest
Early payments are mostly what?
400
Median
Middle value when ordered.
400
Mode
Most frequent value is ...
500
I=Prt
Name the simple interest formula.
500
101
100 at 12% monthly 1 month amount.
500
Principal borrowed
Down payment reduces what?
500
Range
Difference max minus min.
500
Monthly rate
APR / 12 gives what for mortgage?