Finance Overview - Choose the correct method/formula to solve.
Quiz by Ashley Tasy
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5 questions
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- Q1If $8,000 is borrowed at 12% simple interest for 3 years, what is the future value of the loan at the end of the 3 years?simple interestfuture value of an annuitypresent value of an annuityperiodic compound interest120s
- Q2How much would have to be invested at 12% compounded semiannually to provide $8000 at the end of each half-year for 3 years?periodic compound interestpresent value of an annuityloan amortizationfuture value of an annuity120s
- Q3If $8,000 is borrowed at 12% interest compounded quarterly for 3 years, what is the future value of the loan at the end of the 3 years?future value of an annuitypresent value of an annuitycontinuous compound interestperiodic compound interest120s
- Q4If $8,000 is borrowed at 12% interest compounded continuously for 3 years, what is the future value of the loan at the end of the 3 years?continuous compound interestpresent value of an annuityfuture value of an annuityperiodic compound interest120s
- Q5Find the future value of $8000 paid at the end of every 6-month period for 3 years, if it earns 12% interest, compounded semiannually.future value of an annuityloan amortizationperiodic compound interestpresent value of an annuity120s