Question 1

You have $5000 invested in a 30-day savings certificate at an interest rate of 1.00%.How much money will you have when the certificate matures?

Accepted Answer

A) $5004.11 
B) $5040.11 
C) $5400.11 
D) $4.11 
E) $4500.11 
A) $5004.11 
B) $5040.11 
C) $5400.11 
D) $4.11 
E) $4500.11

Question 2

What principal will have a maturity value of $40 000.00 at 5.25% p.a.in 4 years?

Accepted Answer

P = @#IMG-DLM& = @#IMG-DLM& =

Question 3

Debts of $1480.00 due four months ago and $1385.00 due in one month are to be settled by two equal payments due now and nine months from now respectively.Find the size of the equal payments at 12% p.a.with the agreed focal date now.

Accepted Answer

Let the size of the equal paym

Question 4

What principal will have a maturity value of $12 000.00 at 6.25% p.a.in 3 months?

Accepted Answer

P = @#IMG-DLM& = @#IMG-DLM& =

Question 5

The simple interest rate being charged on a $10 000 is 0.5% per month.What is the total amount paid,if the entire loan is paid in 9 months?

Accepted Answer

P = $10,000 r = 0.5%

Question 6

In how many months will $9100.00 grow to $9818.75 at 6.41% p.a.?

Accepted Answer

I = 9818.75 - 9100.0

Question 7

How many days did it take for your investment of $4300 to accrue $147 in interest at a rate of 8.12%?

Accepted Answer

A) 163.36 days 
B) 135.36 days 
C) 157.36 days 
D) 153.67 days 
E) 163.67 days 
A) 163.36 days 
B) 135.36 days 
C) 157.36 days 
D) 153.67 days 
E) 163.67 days

Question 8

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 9

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 10

A loan of $10 000.00 is to be repaid in four equal payments due in three months,six months,nine months,and one year respectively after the date of the loan.Calculate the size of the equal payments if interest is 8.5%.

Accepted Answer

@#IMG-DLM& + @#IMG-DLM& + @#IMG-DLM& + @#IMG-DLM& = 10000 0.979192166x

Question 11

Debt payments of $1000.00 due today,$500.00 due in 90 days,and $500.00 due in 120 days are to be combined into a single payment to be made 120 days from today.What is that single payment if money is worth 9.00% p.a.and the agreed focal date is 120 days from today?

Accepted Answer

Let the single payme

Question 12

Payments of $5100 each due in five,ten,and fourteen months from now are to be settled by three equal payments due today,seven months from now,and eleven months from now.What is the size of the equal payments if interest is 8.75% and the agreed focal date is today?

Accepted Answer

Let the size of the equal paym

Question 13

A loan of $4100 is to be repaid in three equal installments due 110,197,and 311 days respectively after the date of the loan.If the focal date is the date of the loan and interest is 6.89% p.a.,find the size of the installments.

Accepted Answer

Let the size of the installments be $x.

Question 14

Three debts,the first for $1720 due four months ago,the second for $1315 due in 5 months,and the third for $1640 due in 7 months,are to be paid by a single payment today.How much is the single payment if money is worth 7.5% p.a.and the agreed focal date is today?

Accepted Answer

Let the size of the single pay

Question 15

Find the amount of interest on $635.00 at 6.5% p.a.from October 2,2015 to August 4,2016.

Accepted Answer

Number of days = 30 + 30 + 31

Question 16

Sally put $9500 in term deposit on May 22.It matured on September 4 at $9588.82.What interest rate did she earn on the term deposit?

Accepted Answer

P = $9500 S = $9588.82 t = 10

Question 17

You currently owe $1400 today and $2317 in 195 days at a rate of interest of 7%.What is the single equivalent payment 150 days from today?

Accepted Answer

A) $2297.18 
B) $2297.81 
C) $2279.18 
D) $2279.81 
E) $3737.45 
A) $2297.18 
B) $2297.81 
C) $2279.18 
D) $2279.81 
E) $3737.45

Question 18

What sum of money will accumulate to $1426.80 in eight months at 7.78%?

Accepted Answer

S = 1426.80; r = 0.7

Question 19

Compute the amount of interest on $875.00 at 11.5% p.a.from May 29,2013 to August 13,2013.

Accepted Answer

P = 875.00; r = 0.115 Time per

Question 20

Determine the number of days it will take $478.00 to earn $17.09 at   %.

Accepted Answer

P = 478; I = 17.09;

You have $5000 invested in a 30-day savings certificate at an interest rate of 1.00%.How much money will you have when the certificate matures?

What principal will have a maturity value of $40 000.00 at 5.25% p.a.in 4 years?

Debts of $1480.00 due four months ago and $1385.00 due in one month are to be settled by two equal payments due now and nine months from now respectively.Find the size of the equal payments at 12% p.a.with the agreed focal date now.

What principal will have a maturity value of $12 000.00 at 6.25% p.a.in 3 months?

The simple interest rate being charged on a $10 000 is 0.5% per month.What is the total amount paid,if the entire loan is paid in 9 months?

In how many months will $9100.00 grow to $9818.75 at 6.41% p.a.?

How many days did it take for your investment of $4300 to accrue $147 in interest at a rate of 8.12%?

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

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

A loan of $10 000.00 is to be repaid in four equal payments due in three months,six months,nine months,and one year respectively after the date of the loan.Calculate the size of the equal payments if interest is 8.5%.

Debt payments of $1000.00 due today,$500.00 due in 90 days,and $500.00 due in 120 days are to be combined into a single payment to be made 120 days from today.What is that single payment if money is worth 9.00% p.a.and the agreed focal date is 120 days from today?

Payments of $5100 each due in five,ten,and fourteen months from now are to be settled by three equal payments due today,seven months from now,and eleven months from now.What is the size of the equal payments if interest is 8.75% and the agreed focal date is today?

A loan of $4100 is to be repaid in three equal installments due 110,197,and 311 days respectively after the date of the loan.If the focal date is the date of the loan and interest is 6.89% p.a.,find the size of the installments.

Three debts,the first for $1720 due four months ago,the second for $1315 due in 5 months,and the third for $1640 due in 7 months,are to be paid by a single payment today.How much is the single payment if money is worth 7.5% p.a.and the agreed focal date is today?

Find the amount of interest on $635.00 at 6.5% p.a.from October 2,2015 to August 4,2016.

Sally put $9500 in term deposit on May 22.It matured on September 4 at $9588.82.What interest rate did she earn on the term deposit?

You currently owe $1400 today and $2317 in 195 days at a rate of interest of 7%.What is the single equivalent payment 150 days from today?

What sum of money will accumulate to $1426.80 in eight months at 7.78%?

Compute the amount of interest on $875.00 at 11.5% p.a.from May 29,2013 to August 13,2013.

Determine the number of days it will take $478.00 to earn $17.09 at %.

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 Interestfuture Value and Present Value

Compound Interestfurther 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

You have $5000 invested in a 30-day savings certificate at an interest rate of 1.00%.How much money will you have when the certificate matures?

What principal will have a maturity value of $40 000.00 at 5.25% p.a.in 4 years?

Debts of $1480.00 due four months ago and $1385.00 due in one month are to be settled by two equal payments due now and nine months from now respectively.Find the size of the equal payments at 12% p.a.with the agreed focal date now.

What principal will have a maturity value of $12 000.00 at 6.25% p.a.in 3 months?

The simple interest rate being charged on a $10 000 is 0.5% per month.What is the total amount paid,if the entire loan is paid in 9 months?

In how many months will $9100.00 grow to $9818.75 at 6.41% p.a.?

How many days did it take for your investment of $4300 to accrue $147 in interest at a rate of 8.12%?

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

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

A loan of $10 000.00 is to be repaid in four equal payments due in three months,six months,nine months,and one year respectively after the date of the loan.Calculate the size of the equal payments if interest is 8.5%.

Debt payments of $1000.00 due today,$500.00 due in 90 days,and $500.00 due in 120 days are to be combined into a single payment to be made 120 days from today.What is that single payment if money is worth 9.00% p.a.and the agreed focal date is 120 days from today?

Payments of $5100 each due in five,ten,and fourteen months from now are to be settled by three equal payments due today,seven months from now,and eleven months from now.What is the size of the equal payments if interest is 8.75% and the agreed focal date is today?

A loan of $4100 is to be repaid in three equal installments due 110,197,and 311 days respectively after the date of the loan.If the focal date is the date of the loan and interest is 6.89% p.a.,find the size of the installments.

Three debts,the first for $1720 due four months ago,the second for $1315 due in 5 months,and the third for $1640 due in 7 months,are to be paid by a single payment today.How much is the single payment if money is worth 7.5% p.a.and the agreed focal date is today?

Find the amount of interest on $635.00 at 6.5% p.a.from October 2,2015 to August 4,2016.

Sally put $9500 in term deposit on May 22.It matured on September 4 at $9588.82.What interest rate did she earn on the term deposit?

You currently owe $1400 today and $2317 in 195 days at a rate of interest of 7%.What is the single equivalent payment 150 days from today?

What sum of money will accumulate to $1426.80 in eight months at 7.78%?

Compute the amount of interest on $875.00 at 11.5% p.a.from May 29,2013 to August 13,2013.

Determine the number of days it will take $478.00 to earn $17.09 at %.

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 Interestfuture Value and Present Value

Compound Interestfurther 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