Match the following terms with their definitions.
-Quarterly
A) Year times number of times compounded in one year
B) Twice a year
C) Stated rate
D) True rate of interest
E) Amount calculated on adjusted principal
F) Periodically interest is calculated and added to principal
G) Rate divided by number of times compounded per year
H) Know future amount looking for present
I) Four times per year
J) Twelve times per year
Correct Answer:
Verified
Q50: Match the following terms with their definitions.
-Rate
A)Year
Q51: Earl Miller deposited $25,000 at Y Bank
Q52: Lisa Richter deposited $5,000 at 4% compounded
Q53: Katie Hector wants to purchase a condo
Q54: Match the following terms with their definitions.
-Nominal
Q56: Mia Kaminsky wants to attend Riverside Community
Q57: Jane is having difficulty deciding whether to
Q58: Sam Monte deposits $21,500 into Legal Bank,
Q59: Match the following terms with their definitions.
-Semiannually
A)Year
Q60: Burton Bush wants to retire in Arizona
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