03/26/20 - Investing Early
Quiz by Christopher Jones
High School
Financial Mathematics
Texas Essential Knowledge and Skills (TEKS) - Electives
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3 questions
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- Q1What is compound interest?Interest calculated only on the principal.Interest calculated on the principal and accumulated interest.Interest calculated only on accumulated interest.300s130.180.F.11.B
- Q2How many more times a year does interest compounded monthly compound than interest compounded quarterly?12634300s130.180.F.11.B
- Q3Gary invests in a retirement account that compounds annually at a rate of 6%. He puts $100 each month into his account. His best friend, Lary, starts investing $500 each month in the same account 25 years later. Who has the most money after 40 years?GaryLary300s130.180.F.11.B