Quiz week 5 | Business & Finance homework help


1.

Find the abodely concern on a $400 bombardment made for 5 years at an concern blame of 7%/year. What is the accumulated quantity?

A) The abodely concern is $140, the accumulated quantity is $540.

B) The abodely concern is $115, the accumulated quantity is $515.

C) The abodely concern is $120, the accumulated quantity is $520.

D) The abodely concern is $125, the accumulated quantity is $555.

 

2.

If the accumulated quantity is $3,720 at the end of 3 years and the abodely blame of concern is 8%/year, what is the highest?

A) The highest is $3,500.

B) The highest is $3,360.

C) The highest is $3,000.

D) The highest is $3,200.

 

3.

Find the accumulated quantity A if the highest P = $2,000 is endowed at the concern blame of r = 6% per year for t = 6 years, compounded year-by-year.

A) The accumulated quantity is $3,508.28.

B) The accumulated quantity is $3,194.16.

C) The accumulated quantity is $2,837.04.

D) The accumulated quantity is $2,708.89.

 

4.

Find the accumulated quantity A if the highest P = $11,000 is endowed at the concern blame of r = 5% per year for t = 5.5 years, compounded quarterly.

A) The accumulated quantity is $14,585.32.

B) The accumulated quantity is $13,785.93.

C) The accumulated quantity is $14,100.05.

D) The accumulated quantity is $14,457.17.

 

5.

Determine the abodely concern blame at which $1,500 accomplish become to $1,550 in the 8 months. Globular your defenses to the unswerving tenth of percent.

A) The concern blame is 5%/year.

B) The concern blame is 4.33%/year.

C) The concern blame is 4.76%/year.

D) The concern blame is 66.67%/year.

E) The concern blame is 3.06%/year.

 

6.

Find the introduce admonish of $40,000 due in 4 years at the consecrated blame of concern 8%/year compounded monthly.

A) The introduce admonish is $28,948.67.

B) The introduce admonish is $29,433.94.

C) The introduce admonish is $29,076.82.

D) The introduce admonish is $29,748.06.

 

7.

In command to succor finance the acquisition of a new scion, the Abdullahs accept ruled to employ for a short-promise advance (a bridge advance) in the quantity of $140,000 for a promise of 1 mo. If the bank score abodely concern at the blame of 12%/year, how considerable accomplish the Abdullahs owe the bank at the end of the promise?

A) $141,400

B)

$140,012

 

 

C) $146,800

D) $144,900

 

8.

The Kwans are planning to buy a scion 6 years from now. Housing experts in their area accept estimated that the require of a abode accomplish developth at a blame of 6%/year during that continuance. If this economic vaticination holds penny, how considerable can the Kwans anticipate to pay for a scion that currently requires $160,000?

A) $218,199

B) $221,562

C) $230,490

D) $226,963

 

9.

The superintendent of a money traffic bombardment has endowed $4.2 favorite in title of pawn that pay concern at the blame of 5.4%/year compounded quarterly aggravate a continuance of 5 years. How considerable accomplish the bombardment be admonish 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 efficient blame identical to suppositious blame 6% / year compounded monthly. Globular the defenses to the unswerving hundredth of percent.

A) 6.538%

B) 5.858%

C) 6.598%

D) 6.168%

 

11.

Find the concern blame needed for an bombardment of $4,000 to become to an quantity of $5,000 in 4 yr if concern is compounded uninterruptedly. Please globular the defense to the unswerving 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 endowed a sum of money 6 yr ago in a savings recital that has gone compensated concern at the blame of 7%/year compounded quarterly. His bombardment is now admonish $19,713.77. How considerable did he originally endow? Please globular the defense to the unswerving cent.

A) $13,000.01

B) $12,500.01

C) $14,000.01

D) $11,500.01

E) $11,000.01

 

13.

Georgia acquisitiond a scion in 1998 for $220,000. In 2003 she sold the scion and made a net acquisition of $50,000. Find the efficient annual blame of retaliate on her bombardment aggravate the 5-yr continuance. Please globular the defense to the unswerving 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 quantity of an commonplace annuity of 10 year-by-year payments of $1,800 that obtain concern at 10% per year, compounded year-by-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 recital. How considerable accomplish he accept in the recital following 15 years if the recital obtains concern at the blame of 6.5%/year compounded year-by-year?

A) $96,728.68

B) $10,287.36

C) $158,267.14

D) $3,771.28

 

16.

If a tradesman pawns $1,500 year-by-year at the end of each tax year in an IRA recital paying concern at the blame of 10%/year compounded year-by-year, how considerable accomplish she accept in her recital at the end of 25 years? Globular your defense to two decimal places.

A) $16,252.06

B) $147,520.59

C) $5,250.00

D) $34,663.65

 

17.

Find the introduce admonish of an commonplace annuity of $600 payments each made quarterly aggravate 5 years and obtaining concern at 4% per year compounded quarterly.

A) $8,154.20

B) $2,671.09

C) $10,827.33

D) $56,916.87

 

18.

Juan endowed $24,000 in a interchangeable bombardment 5 years ago. Today his bombardment is admonish $34,616. Find the efficient annual blame of retaliate on his bombardment aggravate the 5-year continuance.

A) 10.3%/year

B) 8%/year

C) 83%/year

D) 8.3%/year

 

19.

Find the quantity of an commonplace annuity for 5 years of quarterly payments of $2,200 that obtain concern 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 introduce admonish of the commonplace annuity. Please globular the defense to the unswerving cent.$2,000 per semiannual continuance 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