Compound interest & Kiwisaver
Authored by Vaughan Smith
Business
9th Grade
Used 1+ times
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13 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Change 6.5% to a decimal
.65
6.5
.065
.065%
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is compound interest?
Interest on interest
Interest on savings
Interest on compounds
Interest on spending
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What did Einstein say about compound interest?
Those who know about it dont need to use it
Those who dont understand it dont use it
Those who dont understand it, it gets used against them
Those who understand it use it to their benefit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If I have $200 interest in the first year of a two year investment
The 2nd years interest will always be higher
The 2nd years interest will always be lower
I will have less capital overall
I will turn it into a longer investment to earn more interest
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If I invested $1000 at an interest rate of 4.5% over 1 year, taking into account inflation at 3%, in real terms, I would have:
$1,045
$1,000
Less than $1,045 but more than $1,000
More than $1,045
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Would a 2 year investment interest rate at a bank, generally be:
Higher than a 5 year rate
Lower than a 5 year rate
The same
lower than a 1 year rate
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
NZ's retirement age is
66
68
60
65
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