# MATH

1. An employee put \$5,000.00 in a retirement account that offers 9% interest compounded annually. The employee makes no additional deposits or withdrawals. Which amount is closest to the interest the employee will have earned at the end of 5 years?

a \$7693
b \$2693**
c \$123,804
d \$118,804
e \$229

2.An investor puts \$2,500 into a life insurance policy that pays 8.5% simple annual interest. If no additional investment is made into the policy, how much accumulated interest should the investor expect at the end of 10 years?
1 point

a \$375
b \$2125**
c \$21,250
d \$212,500

3.Jerry has a new job and earns a salary of \$45,000. Victoria has a new job and earns a salary of \$54,000. Jerry will receive a salary increase of \$2,500 per year, and Victoria will receive a salary increase of \$1,500 per year. Who earns more after 5 years?
1 point

a Jerry makes \$4,000 less**
b Victoria earns \$5,000 less
c Victoria makes \$5000 more
d Jerry makes \$4000 more

4.Describe the Scatter plot....The amount of time you leave an investment in an account, and the interest earned.

a Positive correlation**
b Negative correlation
c No correlation
d Not enough information**
(not sure)

5.If you receive \$1000 for your birthday and decide to invest it in an account earning 8% compound interest, how much will you have in 5 years when you graduate high school? *
1 point

\$400
\$1400
\$1469.32**
\$18,895.68
\$1327.68

Matthew will deposit \$500 into an account earning 6.25% simple interest. Bodie will deposit \$450 into an account earning 6.5% Compound interest. WHO has more money after 3 years? *
1 point

Matthew has \$50 more
Bodie has \$43 more
Matthew has \$93 more
Bodie has \$450 more**

If you deposit \$5000 into an account for 4 years, How much MORE interest would you earn by compounding vs simple interest of 5.5%? *
1 point

\$100
\$1100**
\$1194
\$94
(not sure)

If Shelly deposits \$200 into an account for 12 years and NOW has \$375...What % of SIMPLE interest was she earning? *
1 point

6.9%
7.3%
1.5%
15.6%
(need help)

How long would you need to leave money into an account if you earned 11% simple interest and you started with \$300 but wanted \$500 *
1 point

(need help)

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