AAAChapter 8 Bingo Review

Solve

• If you Invested $8,000 for 30 month sand received $1,000 in simple interest, what was the rate?

Solve

• How much was invested on a savings account that paid $76.50 in simple interest at 6% over 3 years?

Find the monthly payment

• A $195,075 home mortgage at 5% for 20 years.

Find Interest Paid

• A $275,000 mortgage with $1,200 payments over 25 years.

Use Stock Chart

• Yesterday’s high for Aaron’s Inc.

Use Stock Chart

• You have 250 shares of ADT Corp. what did you earn in dividends last year?

Find P/E Ratio

• Yesterday Webtec closed at $21.97 and their earnings per share was $2.62.

Use Stock Chart

• You bought 25 Shares of STAR Global stock at its yearly low and your broker charged you 2%. How much was the purchase?

Use Stock Chart

• You purchased 85 shares of Advanced Auto Parts stock for $7,000 and sold them at yesterday’s closing price. If your broker charges you a flat rate of $4.95, how much did you make?

Find APR

• Darla purchased a new truck for $19,900. Her down payment was $3,000. She financed the balance at $623 for 30 months.

Find Amount Financed

• Bob buys a new computer at $1,499 with a 15% down payment.

Find Effective Rate

• 8% Compounded Quarterly

Find the Interest

• $600 Compounded semiannually at 4.5% for 6 years.

Find the Future Value

• $11,000 compounded daily at 5% for 6 years.

Find the Future Value

• $100,000 at 6% simple interest at 4 years.

Solve

• After paying off a $4,500 loan at 8.75% simple interest, Judi paid $2,756.25 in interest. How long did it take to pay off the loan?

How much did the Borrower Save?

• A $16,500 truck loan was to be paid off in 24 monthly payments at $797.50, but was paid off after 20 payments.