﻿ Financial Math
 Financial Math      Simple Interest Problems (8 mathcasts)

 1 Calculate the simple interest earned in 1 year on a deposit of \$1,000 if the interest rate is 7%.  -- Mathcast
 2 Calculate the simple interest due on a 2-month loan of \$2,000 if the interest rate is 5%  -- Mathcast
 3 The ordinary method for converting time from days to years is to use an average of ____ days in a month and 12 months in a year. -- Mathcast
 4 The exact method for converting time from days to years is to use ____ days in a year. -- Mathcast
 5 Calculate the simple interest due on a 60-day loan of \$9,000 if the annual interest rate is 7%. -- Mathcast
 6 The simple interest charged on a 5-month loan of \$2,000 is \$58.33.  Find the simple interest rate. -- Mathcast
 7 Calculate the maturity value of a simple interest, 9-month loan of \$2,000 if the interest rate is 8%.  -- Mathcast
 8 Calculate the maturity value using A = P(1 + rt) for a simple interest 9-month loan of \$4,000.  The interest rate is 6.75%. -- Mathcast

Compound Interest Problems (5 mathcasts)

 1 You deposit \$2,500 in an account earning 9% interest compounded semiannually (i.e, twice a year).  How much do you have in the account at the end of 1 year?  -- Mathcast
 2 You deposit \$1,000 in an account earning 8% interest compounded semiannually (i.e, twice a year).  How much do you have in the account at the end of 1 year?  -- Mathcast
 3 Calculate the compound amount when \$500 is deposited in an account earning 8% interest, compounded semiannually, for 7 years.  -- Mathcast
 4 Calculate the compound amount when \$1,000 is deposited in an account earning 5% interest, compounded daily, for 3 years.  -- Mathcast
 5 How much money should be invested in an account that earns 8% interest, compounded quarterly, in order to have \$14,000 in 8 years?  -- Mathcast