please do 6-8

DICES AREN'T GIVEN Choose the correct word: 01. Which factor determines the amount of interest earned on a fixed principal? a.) periodic payment (b) interest rate c .) principal d.) present value 02. Interest accumulated from loans of a year or less is called: a.) compound Interest b.) principal c.) simple Interest d.) rate 03. The amount of money in which interest is paid or borrowed or deposited into an account. a.) Annual rate b.) Simple Interestc.) Compound Interest Principal 04. The amount due at a specified time is the principal that must be invested now to accumulate the amount due. a future value b.) present value principal d.) Compounded Interest 05. The correct formula to use to calculate the Present Value of a Compounded Interest is: a.) A=P(1 + r) 6 A P(1 + r)" c.) A Prt d.) A=P(1 + r/m) 06. Compute the interest paid on a loan of $1400 at 9% interest rate for 18 months. a.) $1.98 b.) $1.89 c .) $189 d.) $198 07. Mr. Johnson borrows $300 for six months at 1% simple interest per month. How much interest is paid? a.) $3 b.) $30 c.) $18 d.) $6 08. Mrs. Lancaster borrows money at 8% for two years. She paid $124 interest. How much did she borrow? a.)$9.92 b.) $775 c.) $7.75 d.) $7.75 09. Find the simple interest: $25,000 at 7% for 9 months a $1312.50 b.) $1313.50 c.) $312.50 d.) $1512.50 10. Find the simple interest: $1974 at 6.3% for 7 months a.)$54.72 b.)$5.72 C.)$870.53 $72.54 11. Find the simple interest: $5147.18 at 10.1% for 58 days (assuming there are 360 days in a year) a.)$830.76 b.) $8.36 $83.76 d.)$30,152.18