questions

7. What's it called when we use a table or spreadsheet to track a loan balance, payments, and the portion of these payments that can be attributed to interest and paying off the principal? A. Loan amortization B. Loan payment plan C. Loan tracking D. Loan matrix 8. What's the future value of a $12,500 investment, earning eight-percent interest per period, after three periods? (Round your answer to the nearest dollar.) A. $15,746 B. $15,320 C. $15,500 D. $15,943 9. You want to invest money for three years in an account that pays nine-percent interest annually. How much would you need to invest today to reach a future goal of S12,000? (Round your answer to the nearest dollar.) A. $10,984 B. $10,100 C. $9,266 D. $11,432 10. Christina invested $3,000 five years ago and earns two-percent interest on her investment. By leaving her interest earnings in her account, she increases the amount of interest she earns each year. The way she's handling her interest income is referred to as A. aggregation. B. simplifying C. compounding D. discounting