document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=198170>Question 198170</A>: <I><SPAN STYLE=\"word-break: break-all;\">    Help  <BR>\n" );
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document.write( "  1. When interest is added to the principal and interest is again calculated on the new balance, the process is known as compound interest. <BR>\n" );
document.write( "        True<BR>\n" );
document.write( "        False\r<BR>\n" );
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document.write( "2. The terms of a loan indicate how often interest is compounded.<BR>\n" );
document.write( "        True<BR>\n" );
document.write( "        False\r<BR>\n" );
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document.write( "3. A compound interest table shows the compounded amount per dollar of principal. <BR>\n" );
document.write( "        True<BR>\n" );
document.write( "        False\r<BR>\n" );
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document.write( "4. To compound daily means to compound 360 times a year. <BR>\n" );
document.write( "        True<BR>\n" );
document.write( "        False\r<BR>\n" );
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document.write( "5. The number of compounding periods for $6,600.00 at 12% compounded quarterly for 15 years is 30 periods.<BR>\n" );
document.write( "        True<BR>\n" );
document.write( "        False\r<BR>\n" );
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document.write( "6. The effective rate of a transaction can be calculated by dividing the interest for one year by the principal.<BR>\n" );
document.write( "        True<BR>\n" );
document.write( "        False\r<BR>\n" );
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document.write( "7. The term \"nominal rate\" means the same as \"true rate.\"<BR>\n" );
document.write( "        True<BR>\n" );
document.write( "        False\r<BR>\n" );
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document.write( "8. The interest on $4,200.00 at 8% compounded semiannually for 10 years is $6,292.40.         <BR>\n" );
document.write( "        True<BR>\n" );
document.write( "        False\r<BR>\n" );
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document.write( "9. In a loan of 8% compounded quarterly, what is the periodic interest         2.5% <BR>\n" );
document.write( "        6% <BR>\n" );
document.write( "        2% <BR>\n" );
document.write( "        4% \r<BR>\n" );
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document.write( "10. Present value does not: <BR>\n" );
document.write( "        find the present dollar amount <BR>\n" );
document.write( "        use the tables <BR>\n" );
document.write( "        know the present dollar amount <BR>\n" );
document.write( "        know the future value <BR>\n" );
document.write( "        none of the above \r<BR>\n" );
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document.write( "11. The effective rate is:<BR>\n" );
document.write( "        the interest for one year divided by the principal <BR>\n" );
document.write( "        the interest for one year divided by the principal for three years <BR>\n" );
document.write( "        the interest for one year divided by the annual rate <BR>\n" );
document.write( "        never related to the compound table <BR>\n" );
document.write( "        none of the above  <BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #148637 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=148637\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Post you answers with the problems and you<BR>\n" );
document.write( "may get some help.<BR>\n" );
document.write( "Also: the amswer to some of your questions<BR>\n" );
document.write( "can only be found in your text book.<BR>\n" );
document.write( "-----------------------------------------<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );