# Contemporary Mathematics

Mathematics

## Quiz 11 : Compound Interest and Present Value Study Flashcards  Looking for Developmental Mathematics Homework Help?

## Quiz 11 :Compound Interest and Present Value

Question Type  Write the formula for calculating the number of compounding periods of a loan or an investment.
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The formula for calculating the number of compounding periods of a loan or an investment is Because to find the number of compounding periods of an investment, multiply the number of years by the number of periods per year

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Choose question tag  Interest calculated solely on the principal is known as _______ interest, whereas interest calculated on the principal and previously earned interest is known as _______ interest.
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Interest Calculated solely on the principal is known as simple interest, where as interest calculated on the principal and previously earned interest is known as compound interest.
Because simple interest is the interest which can be calculated on the principal
The compound interest is the interest calculated on the principal and previously earned interest.

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Choose question tag  The concept that money "now," or in the present, is more desirable than the same amount of money in the future because it can be invested and earn interest as time goes by is known as the _______ of money.
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The concept that money "now" or in the present, is more desirable than the same amount of money in the future because it can be invested and earn interest as time goes by is known as the time value of money.
Because time value of money is that idea that idea that money "now" or in the present, is more desirable that the same amount of money in the future because it can be invested and earn interest as time goes by.

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Choose question tag  Compound interest is actually the _______ interest formula applied a number of times.
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Choose question tag  Using Table 11-1, calculate the compound amount and compound interest for the following investments.  Essay
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Choose question tag  A compound interest table is a useful set of factors that represent the future value of _______ at various interest rates for a number of compounding periods.
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Choose question tag  Using Table 11-1, calculate the compound amount and compound interest for the following investments.  Essay
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Choose question tag  The amount of compound interest is calculated by subtracting the _______ from the compound amount.
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Choose question tag  Calculate the present value (principal) and the compound interest for the following investments. Use Table 11-2. Round answers to the nearest cent.  Essay
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Choose question tag  Write the formula for calculating the interest rate per period of a loan or an investment.
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Choose question tag  A shortcut method for calculating approximately how long it takes money to double in value at compound interest is called the Rule of _______.
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Choose question tag  For the following investments, compute the amount of compound interest earned in 1 year and the annual percentage yield. Round APY to the nearest hundredth of a percent.  Essay
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Choose question tag  Using Table 11-1, calculate the compound amount and compound interest for the following investments.  Essay
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Choose question tag  The following investments require table factors for periods beyond the table. Create the new table factor and calculate the compound amount for each.  Essay
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Choose question tag  Calculate the present value (principal) and the compound interest for the following investments. Use Table 11-2. Round answers to the nearest cent.  Essay
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Choose question tag  For the following investments, compute the amount of compound interest earned in 1 year and the annual percentage yield. Round APY to the nearest hundredth of a percent.  Essay
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Choose question tag  The total amount of principal and accumulated interest at the end of a loan or an investment is known as the _______ amount or _______ value.
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Choose question tag  Using Table 11-1, calculate the compound amount and compound interest for the following investments.  Essay
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Choose question tag  The following investments require table factors for periods beyond the table. Create the new table factor and calculate the compound amount for each.  Essay   