题目内容

Travis invested $9,250 in an account that pays 6 percent simple interest. How much more could he have earned over a 7-year period if the interest had compounded annually?

A. $741.41
B. $773.58
C. $802.16
D. $833.33

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Youareinvesting$100todayinasavingsaccountatyourlocalbank.Whichoneofthefollowingtermsreferstothevalueofthisinvestmentoneyearfromnow?

A. Presentvalue
B. Discountedvalue
C. Futurevalue
D. Principalamounts

Tomearned$120ininterestonhissavingsaccountlastyear.Tomhasdecidedtoleavethe$120inhisaccountsothathecanearninterestonthe$120thisyear.Thisprocessofearninginterestonpriorinterestearningsiscalled:

A. discounting.
B. compounding.
C. duplicating.
D. multiplying.

Which of the following will increase the future value of a lump sum investment?I. Decreasing the interest rateII. Increasing the interest rateIII. Increasing the time periodIV. Decreasing the amount of the lump sum investment

A. IandIIIonly
B. IandIVonly
C. IIandIIIonly
D. IIandIVonly

Yourparentsjustgaveyouagiftof$15,000.Youareinvestingthismoneyfor12yearsat5percentsimpleinterest.Howmuchmoneywillyouhaveattheendofthe12years?

A. $15,750
B. $16,000
C. $17,375
D. $24,000