Which of the following describes an annuity?
What is given up when an investment decision is made
An investment that pays on a scheduled basis over a fixed amount of time
Interest that is applied at the end of the period and only on the beginning balance or principle.
Which of the following should be used to determine the amount of interest earned on money over a specified period of time?
Percent difference
Percent adjustment
Compound interest
Compa-ratio
A range can best be described as which of the following?
A measure of central tendency
The difference between the maximum value and the minimum value in a data set
A tool used to measure the variation of a data set based on the middle 50 percent of the cases
The only measure of variability appropriate for ratio data
What is the median of the following data?
7, 17, 3, 19, 13, 9, 7
7
9
13
11
How much interest will you earn on 2,500 in three years, if the interest rate is 6%, and the interest is compounded annually?
309
477.54
489.05
977.54
TESTED 22 Dec 2024
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