Question 1

If you deposi $\$ 100$ nto an account that pays $5 \%$ compounded quarterly, how many years will it take to reach a value $\$ 444$ ________ years

Accepted Answer

30

Question 2

Visual aids that show the flow of costs and revenues over a period of time are known as
A) cash flow diagrams.
B) cost - revenue diagrams.
C) Venn diagrams.
D) business plans.

Accepted Answer

Visual aids that shows the flow of costs and revenues over a period of time are commonly known as cash flow diagrams.

Question 3

If you deposi $\$ 5,000$ into a 6-month CD (certificate of deposit) that pay $7.5 \%$ PR compounded quarterly, what is its value at maturity? $\$$$\underline{\quad\quad}$

Accepted Answer

5189.26

Question 4

If you deposi $\$ 100$ nto an account that pays a fixed rate compounded annually, what is the fixed rate if there $\$ 432 .$ 19 in the account after 30 years? $\underline{\quad\quad}$$\%$

Accepted Answer

The answer of If you deposi $\$ 100$ nto an...

Question 5

The interest that would be paid only on the initial borrowed or deposited amount is
A) initial interest.
B) simple interest.
C) compound interest.
D) present value interest.

Accepted Answer

Simple interest refers to the interest that is calculated only on the initial borrowed or deposited amount, without taking into account any interest that may have accrued over time. It is calculated as a percentage of the principal amount and is typically used in situations where the interest rate is fixed and the loan or investment period is relatively short.

Question 6

If you deposit $100 into an account that pays $5 \%$ APR compounded weekly, what would be the value in the account after 30 years? $\$$$\underline{\quad\quad}$

Accepted Answer

The answer of If you deposit $100 into an account...

Question 7

If you deposit $100 into an account that pays $5 \%$ APR compounded monthly, what would be the value in the account after 30 years? $\$$$\underline{\quad\quad}$

Accepted Answer

The answer of If you deposit $100 into an account...

Question 8

If you put away a fixed amount each month, a $10 \%$ PR compounded monthly, in order to have $\$ 5000$ years, how much will you have paid during that time? $\$$$\underline{\quad\quad}$

Accepted Answer

The answer of If you put away a fixed amount...

Question 9

If you deposi $\$ 5,000$ nto a 6-month CD (certificate of deposit) that pays $7.5 \%$ APRcompounded annually, what is its value at maturity? $\$$$\underline{\quad\quad}$

Accepted Answer

The answer of If you deposi $\$ 5,000$ nto a...

Question 10

If you deposit $100 into an account that pays $5 \%$ APR compounded daily, what would be the value in the account after 30 years? $\$$$\underline{\quad\quad}$

Accepted Answer

The answer of If you deposit $100 into an account...

Question 11

An initial deposi $\$ 500$ a $8 \%$ interest (APR), compounded quarterly. How much will be in the account at the end of 10 years? $\$$$\underline{\quad\quad}$

Accepted Answer

The answer of An initial deposi $\$ 500$ a \(8...

Question 12

The stated or quoted interest rate is called the effective interest rate, and the actual earned interest rate is called the nominal interest rate.

Accepted Answer

The stated or quoted interest rate is called the nominal interest rate, and the actual earned interest rate is called the effective interest rate.

Question 13

If you deposi $\$ 100$ nto an account that pay $5 \%$ APR compounded semiannually, what would be the value in the account after 30 years? $\$$$\underline{\quad\quad}$

Accepted Answer

The answer of If you deposi $\$ 100$ nto an...

Question 14

A credit card charges interest at a rate of $21 \%$ per year, compounded monthly. If a senior in college charges her last tuition bill of $\$ 4500$ nd intends to pay it 3 years later (after she gets a high-paying engineering job), how much will she have to pay? $\$$$\underline{\quad\quad}$

Accepted Answer

The answer of A credit card charges interest at a...

Question 15

If you deposi $\$ 100$ nto an account that pays an interest rate that compounds quarterly, what is the interest rate if the value in the account after 30 years is $ $\$ 444$ ? $\underline{\quad\quad}$ $\%$

Accepted Answer

The answer of If you deposi $\$ 100$ nto an...

Question 16

If you take out a $15,0 $\$ 15,000$ udent loan on the first day of September, and promise to pay $6 \%$ APR compounded annually, how much interest would you pay if you repay the loan at the end of the following May? $\$$$\underline{\quad\quad}$

Accepted Answer

The answer of If you take out a $15,0 \(\$...

Question 17

If you deposi $\$ 100$ nto an account that pay $5 \%$ APR compounded quarterly, what would be the value in the account after 30 years? $\$$$\underline{\quad\quad}$

Accepted Answer

The answer of If you deposi $\$ 100$ nto an...

Question 18

When the interest paid on the initial principal also collects interest, this is called
A) initial interest.
B) simple interest.
C) compound interest.
D) present value interest.

Accepted Answer

This is because compound interest means that not only is the original principal earning interest, but also the interest that has already accumulated is earning interest as well.

Question 19

If you take out a $15, $\$ 15,000$ udent loan on the first day of September, and promise to pay $6 \%$ APR compounded annually, how much interest would you pay if you repay the loan at the end of the following May? $\$$$\underline{\quad\quad}$

Accepted Answer

The answer of If you take out a $15, \(\$...

Question 20

If you deposit $100 into an account that pays $5 \%$ APR compounded annually, what would be the value in the account after 30 years? $\$$$\underline{\quad\quad}$

Accepted Answer

The answer of If you deposit $100 into an account...

Quiz 18: Mathematics in Engineering

If you deposi $\$ 100$ nto an account that pays $5 \%$ compounded quarterly, how many years will it take to reach a value $\$ 444$ ________ years

Visual aids that show the flow of costs and revenues over a period of time are known as

If you deposi $\$ 5,000$ into a 6-month CD (certificate of deposit) that pay $7.5 \%$ PR compounded quarterly, what is its value at maturity? $\$$ $\underline{\quad\quad}$

If you deposi $\$ 100$ nto an account that pays a fixed rate compounded annually, what is the fixed rate if there $\$ 432 .$ 19 in the account after 30 years? $\underline{\quad\quad}$ $\%$

The interest that would be paid only on the initial borrowed or deposited amount is

If you deposit $100 into an account that pays $5 \%$ APR compounded weekly, what would be the value in the account after 30 years? $\$$ $\underline{\quad\quad}$

If you deposit $100 into an account that pays $5 \%$ APR compounded monthly, what would be the value in the account after 30 years? $\$$ $\underline{\quad\quad}$

If you put away a fixed amount each month, a $10 \%$ PR compounded monthly, in order to have $\$ 5000$ years, how much will you have paid during that time? $\$$ $\underline{\quad\quad}$

If you deposi $\$ 5,000$ nto a 6-month CD (certificate of deposit) that pays $7.5 \%$ APRcompounded annually, what is its value at maturity? $\$$ $\underline{\quad\quad}$

If you deposit $100 into an account that pays $5 \%$ APR compounded daily, what would be the value in the account after 30 years? $\$$ $\underline{\quad\quad}$

An initial deposi $\$ 500$ a $8 \%$ interest (APR), compounded quarterly. How much will be in the account at the end of 10 years? $\$$ $\underline{\quad\quad}$

The stated or quoted interest rate is called the effective interest rate, and the actual earned interest rate is called the nominal interest rate.

If you deposi $\$ 100$ nto an account that pay $5 \%$ APR compounded semiannually, what would be the value in the account after 30 years? $\$$ $\underline{\quad\quad}$

A credit card charges interest at a rate of $21 \%$ per year, compounded monthly. If a senior in college charges her last tuition bill of $\$ 4500$ nd intends to pay it 3 years later (after she gets a high-paying engineering job), how much will she have to pay? $\$$ $\underline{\quad\quad}$

If you deposi $\$ 100$ nto an account that pays an interest rate that compounds quarterly, what is the interest rate if the value in the account after 30 years is $ $\$ 444$ ? $\underline{\quad\quad}$ $\%$

If you take out a $15,0 $\$ 15,000$ udent loan on the first day of September, and promise to pay $6 \%$ APR compounded annually, how much interest would you pay if you repay the loan at the end of the following May? $\$$ $\underline{\quad\quad}$

If you deposi $\$ 100$ nto an account that pay $5 \%$ APR compounded quarterly, what would be the value in the account after 30 years? $\$$ $\underline{\quad\quad}$

When the interest paid on the initial principal also collects interest, this is called

If you take out a $15, $\$ 15,000$ udent loan on the first day of September, and promise to pay $6 \%$ APR compounded annually, how much interest would you pay if you repay the loan at the end of the following May? $\$$ $\underline{\quad\quad}$

If you deposit $100 into an account that pays $5 \%$ APR compounded annually, what would be the value in the account after 30 years? $\$$ $\underline{\quad\quad}$

Quiz 18: Mathematics in Engineering

If you deposi $100\$ 100$100 nto an account that pays 5%5 \%5% compounded quarterly, how many years will it take to reach a value $444\$ 444$444 ________ years

Visual aids that show the flow of costs and revenues over a period of time are known as

If you deposi $5,000\$ 5,000$5,000 into a 6-month CD (certificate of deposit) that pay 7.5%7.5 \%7.5% PR compounded quarterly, what is its value at maturity? $\$$‾\underline{\quad\quad}​

If you deposi $100\$ 100$100 nto an account that pays a fixed rate compounded annually, what is the fixed rate if there $432.\$ 432 .$432. 19 in the account after 30 years? ‾\underline{\quad\quad}​%\%%

The interest that would be paid only on the initial borrowed or deposited amount is

If you deposit $100 into an account that pays 5%5 \%5% APR compounded weekly, what would be the value in the account after 30 years? $\$$‾\underline{\quad\quad}​

If you deposit $100 into an account that pays 5%5 \%5% APR compounded monthly, what would be the value in the account after 30 years? $\$$‾\underline{\quad\quad}​

If you put away a fixed amount each month, a 10%10 \%10% PR compounded monthly, in order to have $5000\$ 5000$5000 years, how much will you have paid during that time? $\$$‾\underline{\quad\quad}​

If you deposi $5,000\$ 5,000$5,000 nto a 6-month CD (certificate of deposit) that pays 7.5%7.5 \%7.5% APRcompounded annually, what is its value at maturity? $\$$‾\underline{\quad\quad}​

If you deposit $100 into an account that pays 5%5 \%5% APR compounded daily, what would be the value in the account after 30 years? $\$$‾\underline{\quad\quad}​

An initial deposi $500\$ 500$500 a 8%8 \%8% interest (APR), compounded quarterly. How much will be in the account at the end of 10 years? $\$$‾\underline{\quad\quad}​

The stated or quoted interest rate is called the effective interest rate, and the actual earned interest rate is called the nominal interest rate.

If you deposi $100\$ 100$100 nto an account that pay 5%5 \%5% APR compounded semiannually, what would be the value in the account after 30 years? $\$$‾\underline{\quad\quad}​

If you deposi $100\$ 100$100 nto an account that pays an interest rate that compounds quarterly, what is the interest rate if the value in the account after 30 years is $ $444\$ 444$444 ? ‾\underline{\quad\quad}​ %\%%

If you take out a $15,0 $15,000\$ 15,000$15,000 udent loan on the first day of September, and promise to pay 6%6 \%6% APR compounded annually, how much interest would you pay if you repay the loan at the end of the following May? $\$$‾\underline{\quad\quad}​

If you deposi $100\$ 100$100 nto an account that pay 5%5 \%5% APR compounded quarterly, what would be the value in the account after 30 years? $\$$‾\underline{\quad\quad}​

When the interest paid on the initial principal also collects interest, this is called

If you take out a $15, $15,000\$ 15,000$15,000 udent loan on the first day of September, and promise to pay 6%6 \%6% APR compounded annually, how much interest would you pay if you repay the loan at the end of the following May? $\$$‾\underline{\quad\quad}​

If you deposit $100 into an account that pays 5%5 \%5% APR compounded annually, what would be the value in the account after 30 years? $\$$‾\underline{\quad\quad}​

If you deposi $\$ 100$ nto an account that pays $5 \%$ compounded quarterly, how many years will it take to reach a value $\$ 444$ ________ years

If you deposi $\$ 5,000$ into a 6-month CD (certificate of deposit) that pay $7.5 \%$ PR compounded quarterly, what is its value at maturity? $\$$ $\underline{\quad\quad}$

If you deposi $\$ 100$ nto an account that pays a fixed rate compounded annually, what is the fixed rate if there $\$ 432 .$ 19 in the account after 30 years? $\underline{\quad\quad}$ $\%$

If you deposit $100 into an account that pays $5 \%$ APR compounded weekly, what would be the value in the account after 30 years? $\$$ $\underline{\quad\quad}$

If you deposit $100 into an account that pays $5 \%$ APR compounded monthly, what would be the value in the account after 30 years? $\$$ $\underline{\quad\quad}$

If you put away a fixed amount each month, a $10 \%$ PR compounded monthly, in order to have $\$ 5000$ years, how much will you have paid during that time? $\$$ $\underline{\quad\quad}$

If you deposi $\$ 5,000$ nto a 6-month CD (certificate of deposit) that pays $7.5 \%$ APRcompounded annually, what is its value at maturity? $\$$ $\underline{\quad\quad}$

If you deposit $100 into an account that pays $5 \%$ APR compounded daily, what would be the value in the account after 30 years? $\$$ $\underline{\quad\quad}$

An initial deposi $\$ 500$ a $8 \%$ interest (APR), compounded quarterly. How much will be in the account at the end of 10 years? $\$$ $\underline{\quad\quad}$

If you deposi $\$ 100$ nto an account that pay $5 \%$ APR compounded semiannually, what would be the value in the account after 30 years? $\$$ $\underline{\quad\quad}$

If you deposi $\$ 100$ nto an account that pays an interest rate that compounds quarterly, what is the interest rate if the value in the account after 30 years is $ $\$ 444$ ? $\underline{\quad\quad}$ $\%$

If you take out a $15,0 $\$ 15,000$ udent loan on the first day of September, and promise to pay $6 \%$ APR compounded annually, how much interest would you pay if you repay the loan at the end of the following May? $\$$ $\underline{\quad\quad}$

If you deposi $\$ 100$ nto an account that pay $5 \%$ APR compounded quarterly, what would be the value in the account after 30 years? $\$$ $\underline{\quad\quad}$

If you take out a $15, $\$ 15,000$ udent loan on the first day of September, and promise to pay $6 \%$ APR compounded annually, how much interest would you pay if you repay the loan at the end of the following May? $\$$ $\underline{\quad\quad}$

If you deposit $100 into an account that pays $5 \%$ APR compounded annually, what would be the value in the account after 30 years? $\$$ $\underline{\quad\quad}$