Deck 18: Mathematics in Engineering

Question 1

If you deposi nto an account that pays compounded quarterly, how many years
will it take to reach a value ________ years

Answer 1

30

Question 2

Visual aids that show the flow of costs and revenues over a period of time are known as

A) cash flow diagrams.
B) cost - revenue diagrams.
C) Venn diagrams.
D) business plans.

Answer 2

A

Question 3

If you deposi into a 6-month CD (certificate of deposit) that pay PR
compounded quarterly, what is its value at maturity?

Answer 3

5189.26

Question 4

If you deposi nto an account that pays a fixed rate compounded annually, what is the
fixed rate if there 19 in the account after 30 years?

Question 5

The interest that would be paid only on the initial borrowed or deposited amount is

A) initial interest.
B) simple interest.
C) compound interest.
D) present value interest.

Question 6

If you deposit $100 into an account that pays APR compounded weekly, what would be
the value in the account after 30 years?

Question 7

If you deposit $100 into an account that pays APR compounded monthly, what would be
the value in the account after 30 years?

Question 8

If you put away a fixed amount each month, a PR compounded monthly, in order to
have years, how much will you have paid during that time?

Question 9

If you deposi nto a 6-month CD (certificate of deposit) that pays APR
compounded annually, what is its value at maturity?

Question 10

If you deposit $100 into an account that pays APR compounded daily, what would be the
value in the account after 30 years?

Question 11

An initial deposi a interest (APR), compounded quarterly. How much will
be in the account at the end of 10 years?

Question 12

The stated or quoted interest rate is called the effective interest rate, and the actual earned
interest rate is called the nominal interest rate.

Question 13

If you deposi nto an account that pay APR compounded semiannually, what would
be the value in the account after 30 years?

Question 14

A credit card charges interest at a rate of per year, compounded monthly. If a senior in
college charges her last tuition bill of nd intends to pay it 3 years later (after she gets a
high-paying engineering job), how much will she have to pay?

Question 15

If you deposi nto an account that pays an interest rate that compounds quarterly, what
is the interest rate if the value in the account after 30 years is $ ?

Question 16

If you take out a $15,0 udent loan on the first day of September, and promise to pay APR compounded annually, how much interest would you pay if you repay the loan at the end of
the following May?

Question 17

If you deposi nto an account that pay APR compounded quarterly, what would be
the value in the account after 30 years?

Question 18

When the interest paid on the initial principal also collects interest, this is called

A) initial interest.
B) simple interest.
C) compound interest.
D) present value interest.

Question 19

If you take out a $15, udent loan on the first day of September, and promise to pay APR compounded annually, how much interest would you pay if you repay the loan at the end of
the following May?

Question 20

If you deposit $100 into an account that pays APR compounded annually, what would be
the value in the account after 30 years?

Question 21

What nominal rate, compounded monthly, would yield an effective rate of 10 ?

Question 22

When a bond is issued, it will have

A) an issue date, a maturity date, and an interest rate.
B) a maturity date, a par value, and an interest rate.
C) an issue date, a par value, and an interest rate.
D) an issue date, a maturity date, and a par value.

Question 23

Although there are many types of these, they are basically loans that investors make to government or corporations in return for some gain. What are they?

A) short-term loans
B) long-term loans
C) IOUs
D) bonds

Question 24

In engineering, the term that refers to the sum of all costs that are associated with a structure, a service, or a product during its life span is

A) life-cycle cost.
B) life-span cost.
C) sustainability cost.
D) total cost.

Question 25

The par value of a bond is

A) the amount originally paid for the bond.
B) the amount that will be repaid at maturity date.
C) all of the above.
D) none of the above.

Question 26

The Straight Line and the Modified Accelerated Cost Recovery System (MACRS) are examples of

A) accounting schemes.
B) depreciation methods.
C) investment strategies.
D) dance steps.

Question 27

You have taken out a mortgage for a new home in the amount of . You have agreed
to repay the mortgage in 15 years. What is your monthly payment if you agree to pay an interest
rate of compounded monthly?

Question 28

The percentage of par value that is paid to the bond holder at regular intervals is known as

A) par rate.
B) par dividend.
C) interest rate.
D) annuity payment.