AAA Chapter 8 Bingo Review. Solve If you Invested $8,000 for 30 month sand received $1,000 in simple interest, what was the rate?

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Presentation transcript:

AAA Chapter 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, 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.