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Simple Interest
Compound Interest
Mortgages
Stats Terms
Sampling/Data
100
100
Use I=Prt with P=1000, r=0.05, t=2. Find interest.
100
compound interest
Interest earned on both principal and prior interest is called this.
100
amortization
A table showing how each payment is split between principal and interest is an ____ table.
100
statistic
A numerical summary of a sample is called a what?
100
simple random sampling
Every member has equal chance of selection in this sampling method.
200
60
Find simple interest on 500 at 4% for 3 years.
200
1100
1000 grows at 10% compounded annually for 1 year. Final value?
200
mortgage
A long-term home loan is called a what?
200
population
The entire group being studied is called the what?
200
quantitative data
Data consisting of counts or measurements are called what type of data?
300
time
In I=Prt, the t stands for this.
300
increase
Compounding more often generally makes the final amount do this.
300
interest
In early mortgage payments, which part is usually larger: interest or principal?
300
parameter
A value describing a population is called a what?
300
systematic sampling
Choosing every kth person from a list is called this sampling method.
400
original amount borrowed or invested
Principal means this in an interest problem.
400
the end of the time period
Future value is the amount in the account at what point?
400
escrow
Mortgage payments usually include principal and interest, and sometimes this account for taxes and insurance.
400
variable
A characteristic being measured, such as age or test score, is called a what?
400
differences
Variation in data refers to what among data values?
500
600
A 6% simple interest loan runs 5 years on 2000. Total interest?
500
1102.50
1000 at 5% compounded annually for 2 years is approximately what?
500
balance
The unpaid amount left on a loan is called the remaining what?
500
sample
A subset of a population used to collect data is called a what?
500
sample
Data collected from a chosen group rather than everyone is a what?