Questions and Answers
What is the formula for simple interest?
What is the formula for compound depreciation?
What is the formula for the effective annual rate (EAR)?
What is the formula for the future value of an annuity?
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What is the formula for the present value of an annuity?
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What is the formula for calculating the period of an investment using compound interest?
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What is the formula for calculating the outstanding loan balance?
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What is the formula for total interest paid on a loan?
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If a bank offers a 10% annual interest rate compounded semi-annually, what is the effective annual rate?
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What is the future value of an annuity with a regular payment of $100, an interest rate of 5% per year, and 5 years?
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A company borrows $10,000 at an annual interest rate of 8% for 5 years. What is the total amount paid?
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What is the present value of an annuity with a regular payment of $500, an interest rate of 4% per year, and 10 years?
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A car depreciates at a rate of 15% per year. If the initial price is $20,000, what is the value after 3 years?
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What is the monthly payment for a loan of $15,000 at an annual interest rate of 6% for 5 years?
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If the principal amount is $5,000 and the interest rate is 3% per year, how many years will it take for the amount to double?
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A company has a loan of $8,000 at an annual interest rate of 7% for 3 years. What is the outstanding loan balance after 2 years?
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A company invests $10,000 at an annual interest rate of 5% compounded quarterly for 10 years. What is the accumulated amount?
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A car depreciates at a rate of 12% per year. If the initial price is $25,000, what is the value after 5 years?
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A company borrows $15,000 at an annual interest rate of 9% for 8 years. What is the total interest paid?
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If the effective annual rate is 8.24%, and the nominal interest rate is 8% per year, how many times per year is the interest compounded?
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A person invests $500 per month for 20 years at an annual interest rate of 6%. What is the future value of the annuity?
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A company has a loan of $20,000 at an annual interest rate of 7% for 10 years. What is the monthly payment amount?
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If the principal amount is $8,000 and the interest rate is 4% per year, how many years will it take for the amount to triple?
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A person has a loan of $12,000 at an annual interest rate of 5% for 15 years. What is the outstanding loan balance after 10 years?
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