Compared to U

question 202

Multiple Choice

Compared to U.S. averages, the median age of Hispanic Americans is:

• A) slightly higher.
• B) much higher.
• C) much lower.
• D) about the same.

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Definitions:

Annual Rate

The interest rate for a whole year, as opposed to a shorter period, such as monthly or quarterly.

Compounded Annually

The calculation of interest on the original principal and the accumulated interest of prior periods, applied once per year.

Quarterly Payments

Payments made four times a year at three-month intervals, often used in loan repayments.

Semi-Annually Compounded

Refers to the process of calculating and adding interest to a principal sum twice a year.