Question
How much would you receive at the end of 3 years if you invest $10,000 today, assuming you can earn a return of 10% p.a.
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How much would you receive at the end of 3 years if you invest $10,000 today, assuming you can earn a return of 10% p.a. compounding quarterly?
A 10,769
B 13,449
C 13,482
D 13,310
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Your sister just went on a holiday with the money she deposited 8 years ago when inheriting a sum of money from your great-Aunts. If her account paid 5% p.a., compounded semi-annually, and the holiday cost $5,000, what is the amount she inherited?
A $7 422.53
B $3 384.20
C $3 368.12
D $2 290.56
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The fastest doubling of the world population happened between 1950 and 1987; from 2.5 billion to 5 billion. What the growth rate between 1950 and 1987?
A 200%
B 1.89%
C 101.89%
D 2.6%
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Wollemi National Park is home to 2500 Brush-tailed rock-wallabies. The population grows at a rate of 3% per year. How many years until the population reaches 5000?
A never
B 18.6 years
C 33.3 years
D 23.4 years
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You have recently inherited a large sum of money, and have decided to invest your money in a high interest savings account. The various banks have offered you the following APRs. Which option pays the highest EAR?
A Annual compounding at an APR of 6.51%.
B Fortnightly compounding at an APR of 6.15%.
C Quarterly compounding at an APR of 6.37%.
D Monthly compounding at an APR of 6.21%.
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