Question 1

A loan of $1000 taken out on January 1 requires equal payments on February 1,March 1, and April 1. If the focal date is april 1, what is the size of the equal payments at 6.0%?

Accepted Answer

Let the size of the equal payments be $x

Question 2

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 3

A debt of $1410.00 due 6 months ago and a second debt of $1815.00 due in 4 months with interest at 6.16% p.a. are to be settled by two equal payments due now and 9 months from now respectively. Find the size of the equal payments at 7.37% p.a. with the agreed focal date now.

Accepted Answer

Let the size of the equal paym

Question 4

Calculate the amount of interest if $3000.00 is invested at 6.25% from November 30, 2014 to May 15, 2015.

Accepted Answer

A)  $843.75 
B)  $86.82 
C)  $85.27 
D)  $70.31 
E)  $70.75 
A)  $843.75 
B)  $86.82 
C)  $85.27 
D)  $70.31 
E)  $70.75

Question 5

Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at 9.0%.

Accepted Answer

P = 9000; r = 0.09;

Question 6

Interest of $429.48 was charged on a loan of $9500 over a period of 7 months. What simple rate of interest was charged on the loan?

Accepted Answer

A)  4.52% 
B)  2.64% 
C)  7.75% 
D)  3.48% 
E)  4.38% 
A)  4.52% 
B)  2.64% 
C)  7.75% 
D)  3.48% 
E)  4.38%

Question 7

Five months after Nadir makes an investment into an account with a rate of 0.65%, the maturity value of his deposit is $1822. What was the initial value of his investment?

Accepted Answer

S = 1822; r = 0.65%

Question 8

What rate of interest did you earn for a period of 2417 days if you invested $175 and you earned $222 in interest?

Accepted Answer

A)  16.19% 
B)  17.19% 
C)  29.19% 
D)  21.19% 
E)  19.16% 
A)  16.19% 
B)  17.19% 
C)  29.19% 
D)  21.19% 
E)  19.16%

Question 9

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

Accepted Answer

(31-21) + 1 + 28 + 3

Question 10

What is the present value of $9700.00 due at 6.25% p.a. in 89 days?

Accepted Answer

S = 9700.0

Question 11

Approximately how many months would it take for $8460 to earn $15.86 of interest on a 0.25% rate?

Accepted Answer

t = @#IMG-DLM& t = @#IMG-DLM&

Question 12

Didzo took a loan of $14 600 on January 10, 2013 at a rate of 9.25%. He repaid the loan on June 4, 2013. What is the interest due on repayment date?

Accepted Answer

A)  $529.10 
B)  $532.80 
C)  $536.50 
D)  $540.20 
E)  $543.90 
A)  $529.10 
B)  $532.80 
C)  $536.50 
D)  $540.20 
E)  $543.90

A loan of $1000 taken out on January 1 requires equal payments on February 1,March 1, and April 1. If the focal date is april 1, what is the size of the equal payments at 6.0%?

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 debt of $1410.00 due 6 months ago and a second debt of $1815.00 due in 4 months with interest at 6.16% p.a. are to be settled by two equal payments due now and 9 months from now respectively. Find the size of the equal payments at 7.37% p.a. with the agreed focal date now.

Calculate the amount of interest if $3000.00 is invested at 6.25% from November 30, 2014 to May 15, 2015.

Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at 9.0%.

Interest of $429.48 was charged on a loan of $9500 over a period of 7 months. What simple rate of interest was charged on the loan?

Five months after Nadir makes an investment into an account with a rate of 0.65%, the maturity value of his deposit is $1822. What was the initial value of his investment?

What rate of interest did you earn for a period of 2417 days if you invested $175 and you earned $222 in interest?

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

What is the present value of $9700.00 due at 6.25% p.a. in 89 days?

Approximately how many months would it take for $8460 to earn $15.86 of interest on a 0.25% rate?

Didzo took a loan of $14 600 on January 10, 2013 at a rate of 9.25%. He repaid the loan on June 4, 2013. What is the interest due on repayment date?

Review of Arithmetic

Review of Basic Algebra

Ratio, Proportion, and Percent

Linear Systems

Cost-Volume-Profit Analysis and Break-Even

Trade Discounts, Cash Discounts, Markup, and Markdown

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, Residential Mortgages, and Sinking Funds

Bond Valuation

Investment Decision Applications

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Exam 7: Simple Interest

A loan of $1000 taken out on January 1 requires equal payments on February 1,March 1, and April 1. If the focal date is april 1, what is the size of the equal payments at 6.0%?

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 debt of $1410.00 due 6 months ago and a second debt of $1815.00 due in 4 months with interest at 6.16% p.a. are to be settled by two equal payments due now and 9 months from now respectively. Find the size of the equal payments at 7.37% p.a. with the agreed focal date now.

Calculate the amount of interest if $3000.00 is invested at 6.25% from November 30, 2014 to May 15, 2015.

Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at 9.0%.

Interest of $429.48 was charged on a loan of $9500 over a period of 7 months. What simple rate of interest was charged on the loan?

Five months after Nadir makes an investment into an account with a rate of 0.65%, the maturity value of his deposit is $1822. What was the initial value of his investment?

What rate of interest did you earn for a period of 2417 days if you invested $175 and you earned $222 in interest?

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

What is the present value of $9700.00 due at 6.25% p.a. in 89 days?

Approximately how many months would it take for $8460 to earn $15.86 of interest on a 0.25% rate?

Didzo took a loan of $14 600 on January 10, 2013 at a rate of 9.25%. He repaid the loan on June 4, 2013. What is the interest due on repayment date?

Review of Arithmetic

Review of Basic Algebra

Ratio, Proportion, and Percent

Linear Systems

Cost-Volume-Profit Analysis and Break-Even

Trade Discounts, Cash Discounts, Markup, and Markdown

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, Residential Mortgages, and Sinking Funds

Bond Valuation

Investment Decision Applications

Filters