Question Circle

A 90 day not for $600 bears interest 10%-Simple Interest ( 90 + ). Its sold 60 days before maturity to a bank that uses 14% simple interest for discounting rate. What is the price that the bank is welling to pay?

a.

606.7488

b.

610.6739

c.

607.8007

d.

600.96

Clear my choice

9

1

A machine cost 1000, and has the following CF

Y	CF
1	0
2	500
3	500
4	500
5	500
6	800

The discount rate is 10%

PV =1892.43

NPV= 892.43

PV= $2,081.67

NPV = $3,081.67

Clear my choice

10

1

At what rate compound quarterly will an investment grow 50% in 6 years

a.

0.11387

b.

0.068152

c.

0.426728

d.

0.16959

11

1

What quarterly deposits-R- should be into saving account paying J4=4% to accumulate $10,000 at the end of 10 years?

a.

$204.56

b.

$955.82

c.

$105.23

d.

215.98

Clear my choice

12

1

Ayman bought appliance worth$3500 . A cash discount of 4% is given if a bill is paid 2 month in advance. What is the highest simple interest rate at which you can borrow to take advantage of the offer( 4% . )

a.

25%

b.

54%

c.

50%

d.

45%

Clear my choice

13

1

The Present Value of 10000 due in 20 years, if money worth J12=6% is

a.

918.0584

b.

3020.961

c.

8871.857

d.

9050.629

Clear my choice

14

1

A parent deposits $450 ( one time) into a savings account at the birth of their son at 12% compound monthly ( J12). How much money will be in the account when the son is 18 years old?

a.

1.92E+13

b.

$341,037.28

c.

538.2664

d.

3860.373

Clear my choice

15

1

Qasem deposit $150 every 3 months into saving accounts that pay interest ta J4=8%. If he makes her first deposit on Jan 2003, find her total saving just after she deposits in Jan 2006

a.

$2,846.57

b.

$2,011.81

c.

$2,202.05

d.

$3,224.29

16

1

How long will it take $2500 to earn $450 at 12% simple interest

a.

58 month

b.

15 month

c.

18 month

d.

1.5 month

Clear my choice

17

1

A man wants to accumulate a $350000 retirement fund. He plans to make the first payment on Jun 1, 1984, and the last on September 1, 2005. Find the size of each deposit if he makes the deposit monthly rate J12=12%

a.

$12,975.72

b.

$327.77

c.

$290.96

d.

$287.84

Clear my choice

18

1

What is the PV of $8000 due after 2 years and $10000 in 5 years? The interest rate is J1=6%for 3 years and J1=8% after that.

a.

14489

b.

13923.79

c.

14331.29

d.

14057.09

Clear my choice

19

1

700 is due at the end of 4 years, and 800 is due at the end of 8 years. if money is worth 12%, find an equivalent single amount at the end of 6 years.

a.

1609.878

b.

1564.45

c.

1893.715

d.

1517.409

Clear my choice

20

1

A car selling for $12500 may be purchase for $2500 down and the balance in the equal monthly payment for 3 years. Find the monthly payment at J12=12%

a.

$498.21

b.

$706.10

c.

$332.14

d.

$1,220.64

16

1

How long will it take $2500 to earn $450 at 12% simple interest

a.

58 month

b.

15 month

c.

18 month

d.

1.5 month

Clear my choice

17

1

A man wants to accumulate a $350000 retirement fund. He plans to make the first payment on Jun 1, 1984, and the last on September 1, 2005. Find the size of each deposit if he makes the deposit monthly rate J12=12%

a.

$12,975.72

b.

$327.77

c.

$290.96

d.

$287.84

Clear my choice

18

1

What is the PV of $8000 due after 2 years and $10000 in 5 years? The interest rate is J1=6%for 3 years and J1=8% after that.

a.

14489

b.

13923.79

c.

14331.29

d.

14057.09

Clear my choice

19

1

700 is due at the end of 4 years, and 800 is due at the end of 8 years. if money is worth 12%, find an equivalent single amount at the end of 6 years.

a.

1609.878

b.

1564.45

c.

1893.715

d.

1517.409

Clear my choice

20

1

A car selling for $12500 may be purchase for $2500 down and the balance in the equal monthly payment for 3 years. Find the monthly payment at J12=12%

a.

$498.21

b.

$706.10

c.

$332.14

d.

$1,220.64