Match the following terms with their definitions.
-Periods
A) Year times number of times compounded in one year
B) Twice a year
C) Stated rate
D) True rate of interest
E) Amount calculated on adjusted principal
F) Periodically interest is calculated and added to principal
G) Rate divided by number of times compounded per year
H) Know future amount looking for present
I) Four times per year
J) Twelve times per year
Correct Answer:
Verified
Q58: Sam Monte deposits $21,500 into Legal Bank,
Q59: Match the following terms with their definitions.
-Semiannually
A)Year
Q60: Burton Bush wants to retire in Arizona
Q61: Match the following terms with their definitions.
-Monthly
A)Year
Q62: Match the following terms with their definitions.
-Effective
Q64: Solve by using compound table:
Q65: Jarad Rodriguez deposits $10,000 at 10% compounded
Q66: Solve by using compound table:
Q67: Pete Sist wants to buy a new
Q68: Solve by using compound table:
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