Quiz week 5 | Business & Finance homework help


1.

Find the unblended curiosity-behalf on a $400 bombardment made for 5 years at an curiosity-behalf admonish of 7%/year. What is the accumulated totality?

A) The unblended curiosity-behalf is $140, the accumulated totality is $540.

B) The unblended curiosity-behalf is $115, the accumulated totality is $515.

C) The unblended curiosity-behalf is $120, the accumulated totality is $520.

D) The unblended curiosity-behalf is $125, the accumulated totality is $555.

 

2.

If the accumulated totality is $3,720 at the end of 3 years and the unblended admonish of curiosity-behalf is 8%/year, what is the leading?

A) The leading is $3,500.

B) The leading is $3,360.

C) The leading is $3,000.

D) The leading is $3,200.

 

3.

Find the accumulated totality A if the leading P = $2,000 is endueed at the curiosity-behalf admonish of r = 6% per year for t = 6 years, compounded every-year.

A) The accumulated totality is $3,508.28.

B) The accumulated totality is $3,194.16.

C) The accumulated totality is $2,837.04.

D) The accumulated totality is $2,708.89.

 

4.

Find the accumulated totality A if the leading P = $11,000 is endueed at the curiosity-behalf admonish of r = 5% per year for t = 5.5 years, compounded quarterly.

A) The accumulated totality is $14,585.32.

B) The accumulated totality is $13,785.93.

C) The accumulated totality is $14,100.05.

D) The accumulated totality is $14,457.17.

 

5.

Determine the unblended curiosity-behalf admonish at which $1,500 procure extend to $1,550 in the 8 months. Spherical your apologys to the undeviating tenth of percent.

A) The curiosity-behalf admonish is 5%/year.

B) The curiosity-behalf admonish is 4.33%/year.

C) The curiosity-behalf admonish is 4.76%/year.

D) The curiosity-behalf admonish is 66.67%/year.

E) The curiosity-behalf admonish is 3.06%/year.

 

6.

Find the offer estimate of $40,000 due in 4 years at the dedicated admonish of curiosity-behalf 8%/year compounded monthly.

A) The offer estimate is $28,948.67.

B) The offer estimate is $29,433.94.

C) The offer estimate is $29,076.82.

D) The offer estimate is $29,748.06.

 

7.

In appoint to acceleration finance the lapse of a new lineage, the Abdullahs keep ruled to devote for a short-signal hypothecation (a bridge hypothecation) in the totality of $140,000 for a signal of 1 mo. If the bank mandible unblended curiosity-behalf at the admonish of 12%/year, how abundantly procure the Abdullahs owe the bank at the end of the signal?

A) $141,400

B)

$140,012

 

 

C) $146,800

D) $144,900

 

8.

The Kwans are planning to buy a lineage 6 years from now. Housing experts in their area keep estimated that the consume of a abode procure becometh at a admonish of 6%/year during that determination. If this economic vaticination holds penny, how abundantly can the Kwans forebode to pay for a lineage that currently consumes $160,000?

A) $218,199

B) $221,562

C) $230,490

D) $226,963

 

9.

The superintendent of a currency communicate stock has endueed $4.2 darling in seal of guarantee that pay curiosity-behalf at the admonish of 5.4%/year compounded quarterly balance a determination of 5 years. How abundantly procure the bombardment be merit at the end of 5 years?

A) 5,491,921.88

B) 3,211,990.34

C) 1,291,921.88

D) 12,024,347.20

 

10.

Find the telling admonish selfsame to ostensible admonish 6% / year compounded monthly. Spherical the apologys to the undeviating hundredth of percent.

A) 6.538%

B) 5.858%

C) 6.598%

D) 6.168%

 

11.

Find the curiosity-behalf admonish needed for an bombardment of $4,000 to extend to an totality of $5,000 in 4 yr if curiosity-behalf is compounded uniformly. Please spherical the apology to the undeviating hundredth of percent.

A) 5.58 %/yr

B) 5.70 %/yr

C) 6.63 %/yr

D) 5.01 %/yr

E) 5.92 %/yr

 

12.

Anthony endueed a sum of currency 6 yr ago in a savings representation that has gone paid curiosity-behalf at the admonish of 7%/year compounded quarterly. His bombardment is now merit $19,713.77. How abundantly did he originally endue? Please spherical the apology to the undeviating cent.

A) $13,000.01

B) $12,500.01

C) $14,000.01

D) $11,500.01

E) $11,000.01

 

13.

Georgia lapsed a lineage in 1998 for $220,000. In 2003 she sold the lineage and made a net advantage of $50,000. Find the telling annual admonish of recur on her bombardment balance the 5-yr determination. Please spherical the apology to the undeviating tenth of percent.

A) 3.7%/yr

B) 3.1%/yr

C) 4.4%/yr

D) 4.2%/yr

E) 5.6%/yr

 

14.

Find the totality of an wonted annuity of 10 every-year payments of $1,800 that merit curiosity-behalf at 10% per year, compounded every-year.

A) $4,668.74

B) $28,687.36

C) $87,798.04

D) $3,600.00

 

15.

Robin, who is self-employed, contributes $4,000/year into a Keogh representation. How abundantly procure he keep in the representation succeeding 15 years if the representation merits curiosity-behalf at the admonish of 6.5%/year compounded every-year?

A) $96,728.68

B) $10,287.36

C) $158,267.14

D) $3,771.28

 

16.

If a trafficker guarantees $1,500 every-year at the end of each tax year in an IRA representation paying curiosity-behalf at the admonish of 10%/year compounded every-year, how abundantly procure she keep in her representation at the end of 25 years? Spherical your apology to two decimal places.

A) $16,252.06

B) $147,520.59

C) $5,250.00

D) $34,663.65

 

17.

Find the offer estimate of an wonted annuity of $600 payments each made quarterly balance 5 years and meriting curiosity-behalf at 4% per year compounded quarterly.

A) $8,154.20

B) $2,671.09

C) $10,827.33

D) $56,916.87

 

18.

Juan endueed $24,000 in a interchangeable stock 5 years ago. Today his bombardment is merit $34,616. Find the telling annual admonish of recur on his bombardment balance the 5-year determination.

A) 10.3%/year

B) 8%/year

C) 83%/year

D) 8.3%/year

 

19.

Find the totality of an wonted annuity for 5 years of quarterly payments of $2,200 that merit curiosity-behalf at 4% per year compounded quarterly.

A) $11,222.21

B) $65,511.77

C) $48,441.81

D) $2,684.42

 

20.

Find the offer estimate of the wonted annuity. Please spherical the apology to the undeviating cent.$2,000 per semiannual determination for 7 yr at 12%/year compounded semiannually

A) P = $18,589.97

B) P = $17,913.54

C) P = $20,003.52

D) P = $13,147.80

E) P = $9,629.07