Question
hello i would like to get help with these questions 1.Suppose that you earn 146 TL of interest for an initial investment amount of 2.500
hello i would like to get help with these questions
1.Suppose that you earn 146 TL of interest for an initial investment amount of 2.500 TL, which is invested at an annual rate of 14%. What would be the approximate investment period?
a) 4 months
b) 5 months
c) 6 months
7) 7 months
8) Other:
2.Suppose that you obtain a mortgage loan of 100.000 TL. Annual rate of interest is 10% and the maturity of the loan is 12 years. You pay annual installments. Now, suppose that you will pay a lumpsum amount of 100.000 TL at maturity to settle the loan. What would be the periodic payment amount?
a) 5.000 TL
b) 10.000 TL
c) 15.000 TL
d) 20.000 TL
e) Other:
3.If the annual nominal interest rate for a 3-months term deposit is 12%, what would be the annual effective interest rate?
a)13,68%
b) 13,09%
c) 12,97%
d) 12,55%
e) Other:
4.Suppose that you have a pension fund investment. In accordance with your investment plan, you invest 100 TL each month. This pension fund generates a monthly return of 1%. What would be the accumulated investment amount at the end of 30th year?
a) 288.642 TL
b) 300.126 TL
c) 325.346 TL
d) 349.496 TL
e) Other:
5.What would be the compound interest rate in a 10.000 TL investment which increases to 16.430 TL at the end of the 3rd year?
a) 8%
b) 14%
c) 18%
d) 24%
e) Other:
6.What would be the monthly installment amount of a 5- year 200.000 TL loan with a 20% of annual interest rate?
a) 5.178,98 TL
b) 5.198,78 TL
c) 5.278,98 TL
d) 5.298,78 TL
e) Other:
7.What would be the initial investment amount if you would like to receive 20.000 TL at the beginning of each year for 5 years assuming that the annual interest rate is 10%?
a) 83.397 TL
b) 75.816 TL
c) 69.737 TL
d) 98.361 TL
e) Other:
8.Suppose that you obtain a 100.000 TL loan from a bank. The maturity is 10 years and the annual interest rate is 10%. You will pay monthly installments. However, according to the loan agreement you will make no payments for the first three years. What would be the monthly payment amount?
a) 830,06 TL
b) 660,75 TL
c) 1.104,81 TL
d) 879,46 TL
e) Other:
9.Suppose that you obtain a mortgage loan of 100.000 TL. Annual rate of interest is 12% and the maturity of the loan is 8 years. You pay annual installments. Now, suppose that you will pay a lumpsum amount of 20.000 TL at maturity to settle the loan. What would be the periodic payment amount?
a) 16.504,23 TL
b) 17.504,23 TL
c) 18.504,23 TL
d) 19.504,23 TL
e) Other:
10.You go to a bank and open a term deposit account. You invest 1.000 TL. Annual interest (simple) rate is 20% and the maturity is 3 years. What would be the annual compound interest rate if you earn monthly interest?
a)21,35%
b) 21,93%
c) 22,15%
d) 22,57%
e) Other:
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