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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 on theme: "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?"— Presentation transcript:

1 AAA Chapter 8 Bingo Review

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

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

4 Find the monthly payment A $195,075 home mortgage at 5% for 20 years.

5 Find Interest Paid A $275,000 mortgage with $1,200 payments over 25 years.

6 Use Stock Chart Yesterday’s high for Aaron’s Inc.

7 Use Stock Chart You have 250 shares of ADT Corp. what did you earn in dividends last year?

8 Find P/E Ratio Yesterday Webtec closed at $21.97 and their earnings per share was $2.62.

9 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?

10 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?

11 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.

12 Find Amount Financed Bob buys a new computer at $1,499 with a 15% down payment.

13 Find Effective Rate 8% Compounded Quarterly

14 Find the Interest $600 Compounded semiannually at 4.5% for 6 years.

15 Find the Future Value $11,000 compounded daily at 5% for 6 years.

16 Find the Future Value $100,000 at 6% simple interest at 4 years.

17 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?

18 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.


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