FUHRMS: Compound Interest: Question Preview (ID: 21010)


Below is a preview of the questions contained within the game titled FUHRMS: COMPOUND INTEREST: Practice Calculating Account Balances By Using The Compound Interest Formula. To play games using this data set, follow the directions below. Good luck and have fun. Enjoy! [print these questions]


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$55,000 at 16% compounded semiannually for 2 years
a) $74,826.89 b) $55,000.00 c) $72,600.00 d) $69,300.12
$28,600 at 7.9% compounded semiannually for 2 years
a) $33,393.66 b) $35,854.85 c) $28,600.00 d) $32,393.66
$21,000 at 13.6% compounded quarterly for 4 years
a) $35,854.85 b) $33,393.66 c) $35,954.85 d) $36,854.50
$12,700 at 8.8% compounded semiannually for 1 year
a) $13,842.19 b) $12,700.00 c) $18,342.20 d) $15,842.19
$1,240 at 8% compounded annually for 2 years
a) $1,446.34 b) $1,438.40 c) $1,546.34 d) $1,538.40
$1,500 at 7% compounded annually for 3 years
a) $1,837.56 b) $1,500.00 c) $1,815.00 d) $1,737.56
$18,000 at 9% compounded semiannually for 6 years
a) $30,525.87 b) $20,525.78 c) $38,525.37 d) $27,720.00
$7,300 at 7% compounded semiannually for 3 years
a) $8,973.56 b) $9,973.50 c) $8,873.56 d) $7,300.00
$1,030 at 4% compounded semiannually for 2 years
a) $1,114.91 b) $1,214.81 c) $2,114.91 d) $1,224.91
$130 at 9.4% compounded quarterly for 2 years
a) $156.55 b) $152.22 c) $154.44 d) $158.44
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