Pick the right answer, quickly

Exercise and reference answers

Questions

1. Question

   Abena's compound CD was worth:

   Choices

   1. $1,120.00
   2. $1,124.86
   3. $1,142.86

   Correct choice

   $1,124.86

2. Question

   Compounding earned Abena extra:

   Choices

   1. $4.86
   2. $8.46
   3. $48.60

   Correct choice

   $4.86

3. Question

   Oksana's CD was worth:

   Choices

   1. $5,627.54
   2. $5,672.54
   3. $5,762.54

   Correct choice

   $5,627.54

4. Question

   Monthly for 30 years is:

   Choices

   1. 300 periods
   2. 330 periods
   3. 360 periods

   Correct choice

   360 periods

5. Question

   Quarterly means periods a year:

   Choices

   1. 4
   2. 6
   3. 12

   Correct choice

   4

Instructions

Tap the correct answer before the round moves on.

Explanation