1. What is the formulas for COMPOUND INTEREST?
2. What is the formula for PRESENT VALUE?
3. What is the formula for FUTURE VALUE
4. What is COMPOUND INTEREST?
5. Is COMPOUND interest better than SIMPLE INTEREST
6. For #6 and #7 Find the compound amount on the given original principal at the compound interest rate for the indicated term:$1200 for two 4 years at 4.2% compounded annually.
7. $800 for 5 years at 4% compounded monthly
8. If you deposit $6800 into an account paying 5% annual interest compounded quarterly, how much will be in the account after 10 years if you make no withdrawals?
9. Suppose you are depositing an amount today in an account that earns 6% interest, compounded annually.If you goal is to have $5000 in the account at the end of the 5 years, how much must you deposit in the account today?
10. What is the difference between a simple interest note and a simple discount note?
11. What is an annuity?
12. What is the difference between a stock and a bond?
13. What is the difference between revolving and installment loans?Explain.
14. What is an installment loan and where can you get one?
15. What does EPS stand for? In words, what does the P/E ratio measure?
16. What is a trailing P/E?
17. What is a forward P/E?
18. Explain a high P/E and a low one. Is this the only metric that is used to evaluate a company?
19. What is the monthly payment for a 10 year loan paid monthly for 10 years where the amount of the loan is $80,000 and the annual percentage rate is 3.5%? Please round your answer to the nearest tens place.
20. What is a 401K plan?
21. Why was the concept of amortization invented?
22. What are the benefits?
23. What is meant by the loan is scheduled?
24. What happens towards the end of the loan?
25. Use the following information and then calculate:
26. When should you use mean?
27. When should you use median?
28. When should you use mode?
29. How do you calculate mean, median, and mode?
30. Calculate the mean, median, and mode for the following set of housing prices in aneighborhood:$175,000$1,275,000$100,000$625,000$100,000$125,000
31. Which answer from above do you think is most reflective of housing values in that neighborhood and why?
32. When mightthe mean calculation be used in business?
33. When might the median calculation be used in business?
34. When might the mode calculation be used in business?