Annuities (HSC SSCE Mathematics Standard): Quizzes
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Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What are the pre-calculated values in a future value table used as?
What are the pre-calculated values in a future value table used as?
Multiplication factors
In a future value table, what do the rows represent?
In a future value table, what do the rows represent?
Number of time periods
Why is the value for period 1 always 1.0000 in a future value table?
Why is the value for period 1 always 1.0000 in a future value table?
No interest earned yet
How do you calculate the number of periods for quarterly compounding over 2 years?
How do you calculate the number of periods for quarterly compounding over 2 years?
If annual interest is 12% compounded monthly, what is the rate per period?
If annual interest is 12% compounded monthly, what is the rate per period?
How many times per year is interest compounded semi-annually?
How many times per year is interest compounded semi-annually?
2 times per year
What formula calculates the future value using a future value table?
What formula calculates the future value using a future value table?
What formula finds the required payment when future value is known?
What formula finds the required payment when future value is known?
Using value 3.0301, what is FV of 2000 USD per year for 3 years at 1%?
Using value 3.0301, what is FV of 2000 USD per year for 3 years at 1%?
6060.20 USD
When finding payment amount, how should total payments compare to future value?
When finding payment amount, how should total payments compare to future value?
Total payments < future value