Question 1

How much money do you have to invest in order to accumulate a total of $10 000 in 365 days if you are able to earn 5.00% on your money?

Accepted Answer

A)  $9533.81 
B)  $9523.81 
C)  $10000.81 
D)  $8523.81 
E)  $5923.81 
A)  $9533.81 
B)  $9523.81 
C)  $10000.81 
D)  $8523.81 
E)  $5923.81

Question 2

What rate of interest is paid if the interest on a loan of $15 000.00 is $2 000.00 from January 31, 2014 to May 31, 2014?

Accepted Answer

Number of days betwe

Question 3

Compute the accumulated value of $10 000.00 at 9% after six months.

Accepted Answer

P = 10000.00; r = 0.

Question 4

What principal will earn $219.89 interest at 11.25% p.a. from November 16, 2013 to February 7, 2014?

Accepted Answer

I = 219.89; r = 0.1125
Time pe

Question 5

What principal will have a maturity value of $100 000 at 5% p.a. in 18 months?

Accepted Answer

S = 100000.00; r = 0

Question 6

What principal will have a maturity value of $61 500.00 at 6.5% p.a. in 17 months?

Accepted Answer

S = 61500.

Question 7

How much interest will you pay on a loan of $15 500 if you are paying the loan off in 9 months? Your loan rate is 7.125%.

Accepted Answer

A)  $828.28 
B)  $838.28 
C)  $848.28 
D)  $818.28 
E)  $858.28 
A)  $828.28 
B)  $838.28 
C)  $848.28 
D)  $818.28 
E)  $858.28

Question 8

Debt payments of $2130.00 and $1794.00 are due five months from now and nine months from now respectively. What single payment is required to pay off the debt today if interest is 6.36%?

Accepted Answer

Let the size of the single pay

Question 9

How much money do you have to invest in order to accumulate a total of $4761 in 327 days if you are able to earn 9.52% on your money?

Accepted Answer

A)  $3485.86 
B)  $4358.86 
C)  $4386.85 
D)  $3458.86 
E)  $3845.86 
A)  $3485.86 
B)  $4358.86 
C)  $4386.85 
D)  $3458.86 
E)  $3845.86

Question 10

Calculate the amount of interest if $700.00 is invested at 5.5% for two years and nine months.

Accepted Answer

A)  $111.65 
B)  $105.88 
C)  $10 587.50 
D)  $1058.75 
E)  $158.65 
A)  $111.65 
B)  $105.88 
C)  $10 587.50 
D)  $1058.75 
E)  $158.65

Question 11

A bank pays an interest of 4.5% for a three month term deposit. Calculate the amount that Stacy must invest to earn an interest of $100.00.

Accepted Answer

r = 0.045; t = @#IMG-DLM& = 0.

Question 12

What is the amount to which $7 250.00 will grow at 7.75% p.a. in 3 months?

Accepted Answer

P = 7250.00; r = 0.0

Question 13

The exact number of days between January 5 and March 17 during the next leap year is?

Accepted Answer

A)  72 days 
B)  74 days 
C)  73 days 
D)  71 days 
E)  75 days 
A)  72 days 
B)  74 days 
C)  73 days 
D)  71 days 
E)  75 days

Question 14

Debt payments of $1925.00 due today, $510.00 due in 87 days, and $674.00 due in 337 days are to be combined into a single payment to be made 115 days from now. What is that single payment if money is worth 8.65% p.a. and the agreed focal date is 115 days from now?

Accepted Answer

Let the single payme

Question 15

What rate of interest is paid if the interest on a loan of $3500.00 is $99.06 from November 14, 2013 to May 20, 2014?

Accepted Answer

Number of days = 16

Question 16

Debt payments of $1610.00 due today, $725.00 due in 101 days and $670.00 due in 296 days respectively are to be combined into a single payment to be made 170 days from now. What is that single payment, if money is worth 9.5% p.a. and the agreed focal date is 170 days from now?

Accepted Answer

Let the size of the single pay

Question 17

A loan of $3325.00 is to be repaid by three equal payments due in 102 days, 157 days and 189 days respectively. Determine the size of the equal payments at 12.15% p.a. with a focal date of today.

Accepted Answer

Let the size of the equal payments be $x

Question 18

What rate of interest did you receive over a period of 90 days if your principal was $5000 and it has a maturity value of $6000?

Accepted Answer

A)  81.11% 
B)  8.11% 
C)  0.811% 
D)  0.0811% 
E)  811.11% 
A)  81.11% 
B)  8.11% 
C)  0.811% 
D)  0.0811% 
E)  811.11%

Question 19

Determine the exact time between January 21, 2014 and September 13, 2014 by counting days.

Accepted Answer

(31 - 21) + 1 + 28 +

Question 20

You owed $700.00 35 days ago, and you missed the payment. You also owe an additional $600 in 5 months. What single equivalent value is due if your focal date is today and you are paying at an interest rate of 8.46% on your debt?

Accepted Answer

A)  $1403.83 
B)  $1304.83 
C)  $1204.83 
D)  $1503.83 
E)  $1285.25 
A)  $1403.83 
B)  $1304.83 
C)  $1204.83 
D)  $1503.83 
E)  $1285.25

How much money do you have to invest in order to accumulate a total of $10 000 in 365 days if you are able to earn 5.00% on your money?

What rate of interest is paid if the interest on a loan of $15 000.00 is $2 000.00 from January 31, 2014 to May 31, 2014?

Compute the accumulated value of $10 000.00 at 9% after six months.

What principal will earn $219.89 interest at 11.25% p.a. from November 16, 2013 to February 7, 2014?

What principal will have a maturity value of $100 000 at 5% p.a. in 18 months?

What principal will have a maturity value of $61 500.00 at 6.5% p.a. in 17 months?

How much interest will you pay on a loan of $15 500 if you are paying the loan off in 9 months? Your loan rate is 7.125%.

Debt payments of $2130.00 and $1794.00 are due five months from now and nine months from now respectively. What single payment is required to pay off the debt today if interest is 6.36%?

How much money do you have to invest in order to accumulate a total of $4761 in 327 days if you are able to earn 9.52% on your money?

Calculate the amount of interest if $700.00 is invested at 5.5% for two years and nine months.

A bank pays an interest of 4.5% for a three month term deposit. Calculate the amount that Stacy must invest to earn an interest of $100.00.

What is the amount to which $7 250.00 will grow at 7.75% p.a. in 3 months?

The exact number of days between January 5 and March 17 during the next leap year is?

Debt payments of $1925.00 due today, $510.00 due in 87 days, and $674.00 due in 337 days are to be combined into a single payment to be made 115 days from now. What is that single payment if money is worth 8.65% p.a. and the agreed focal date is 115 days from now?

What rate of interest is paid if the interest on a loan of $3500.00 is $99.06 from November 14, 2013 to May 20, 2014?

Debt payments of $1610.00 due today, $725.00 due in 101 days and $670.00 due in 296 days respectively are to be combined into a single payment to be made 170 days from now. What is that single payment, if money is worth 9.5% p.a. and the agreed focal date is 170 days from now?

A loan of $3325.00 is to be repaid by three equal payments due in 102 days, 157 days and 189 days respectively. Determine the size of the equal payments at 12.15% p.a. with a focal date of today.

What rate of interest did you receive over a period of 90 days if your principal was $5000 and it has a maturity value of $6000?

Determine the exact time between January 21, 2014 and September 13, 2014 by counting days.

You owed $700.00 35 days ago, and you missed the payment. You also owe an additional $600 in 5 months. What single equivalent value is due if your focal date is today and you are paying at an interest rate of 8.46% on your debt?

Review of Arithmetic

Review of Basic Algebra

Ratio, Proportion, and Percent

Linear Systems

Trade Discount, Cash Discount, Markup, and Markdown

Break-Even and Cost-Volume-Profit Analysis

Simple Interest Applications

Compound Interest - Future Value and Present Value

Compound Interest - Further Topics

Ordinary Simple Annuities

Ordinary General Annuities

Annuities Due, Deferred Annuities, and Perpetuities

Amortization of Loans, Including Residential Mortgages

Bond Valuation and Sinking Funds

Investment Decision Applications

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Exam 7: Simple Interest

How much money do you have to invest in order to accumulate a total of $10 000 in 365 days if you are able to earn 5.00% on your money?

What rate of interest is paid if the interest on a loan of $15 000.00 is $2 000.00 from January 31, 2014 to May 31, 2014?

Compute the accumulated value of $10 000.00 at 9% after six months.

What principal will earn $219.89 interest at 11.25% p.a. from November 16, 2013 to February 7, 2014?

What principal will have a maturity value of $100 000 at 5% p.a. in 18 months?

What principal will have a maturity value of $61 500.00 at 6.5% p.a. in 17 months?

How much interest will you pay on a loan of $15 500 if you are paying the loan off in 9 months? Your loan rate is 7.125%.

Debt payments of $2130.00 and $1794.00 are due five months from now and nine months from now respectively. What single payment is required to pay off the debt today if interest is 6.36%?

How much money do you have to invest in order to accumulate a total of $4761 in 327 days if you are able to earn 9.52% on your money?

Calculate the amount of interest if $700.00 is invested at 5.5% for two years and nine months.

A bank pays an interest of 4.5% for a three month term deposit. Calculate the amount that Stacy must invest to earn an interest of $100.00.

What is the amount to which $7 250.00 will grow at 7.75% p.a. in 3 months?

The exact number of days between January 5 and March 17 during the next leap year is?

Debt payments of $1925.00 due today, $510.00 due in 87 days, and $674.00 due in 337 days are to be combined into a single payment to be made 115 days from now. What is that single payment if money is worth 8.65% p.a. and the agreed focal date is 115 days from now?

What rate of interest is paid if the interest on a loan of $3500.00 is $99.06 from November 14, 2013 to May 20, 2014?

Debt payments of $1610.00 due today, $725.00 due in 101 days and $670.00 due in 296 days respectively are to be combined into a single payment to be made 170 days from now. What is that single payment, if money is worth 9.5% p.a. and the agreed focal date is 170 days from now?

A loan of $3325.00 is to be repaid by three equal payments due in 102 days, 157 days and 189 days respectively. Determine the size of the equal payments at 12.15% p.a. with a focal date of today.

What rate of interest did you receive over a period of 90 days if your principal was $5000 and it has a maturity value of $6000?

Determine the exact time between January 21, 2014 and September 13, 2014 by counting days.

You owed $700.00 35 days ago, and you missed the payment. You also owe an additional $600 in 5 months. What single equivalent value is due if your focal date is today and you are paying at an interest rate of 8.46% on your debt?

Review of Arithmetic

Review of Basic Algebra

Ratio, Proportion, and Percent

Linear Systems

Trade Discount, Cash Discount, Markup, and Markdown

Break-Even and Cost-Volume-Profit Analysis

Simple Interest Applications

Compound Interest - Future Value and Present Value

Compound Interest - Further Topics

Ordinary Simple Annuities

Ordinary General Annuities

Annuities Due, Deferred Annuities, and Perpetuities

Amortization of Loans, Including Residential Mortgages

Bond Valuation and Sinking Funds

Investment Decision Applications

Filters