Finance Overview - Choose the correct method/formula to solve.

Quiz by Ashley Tasy

Our brand new solo games combine with your quiz, on the same screen

Correct quiz answers unlock more play!

5 questions
• Q1
If \$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 interest
future value of an annuity
present value of an annuity
periodic compound interest
120s
• Q2
How 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 interest
present value of an annuity
loan amortization
future value of an annuity
120s
• Q3
If \$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 annuity
present value of an annuity
continuous compound interest
periodic compound interest
120s
• Q4
If \$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 interest
present value of an annuity
future value of an annuity
periodic compound interest
120s
• Q5
Find 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 annuity
loan amortization
periodic compound interest
present value of an annuity
120s

Teachers give this quiz to your class