Calculate to the nearest 0.01% your annual loss (on a simple interest basis) if you had bought Apple stock in March, 2000, and sold in January, 2002. \[\begin{array} { | l | l | l | l | l | l | l | } \hline \text { Month } & \text { Dec. } 1997 & \text { Aug. } 1999 & \text { Mar. 2000 } & \text { May 2000 } & \text { Aug. } 2000 & \text { Dec. } 2000 \\ \hline \begin{array} { l } \text { Monthly } \\ \text { Price } \end{array} & 33.80 & 16.31 & 12.39 & 21 & 30.37 & 7.44 \\ \hline \text { Month } & \text { Jan. } 2002 & \text { Mar. } 2003 & \text { Oct. } 2003 & \text { Nov. } 2004 & \text { Feb. 2005 } & \text { Aug. } 2005 \\ \hline \begin{array} { l } \text { Monthly } \\ \text { Price } \end{array} & 12.36 & 7.07 & 11.44 & 33.53 & 44.86 & 45.74 \\ \hline \end{array}\]

A) 10.94% B) 0.94% C) 0.86% D) 0% E) 35.55% A) 10.94% B) 0.94% C) 0.86% D) 0% E) 35.55%

Exam 3: The Mathematics of Finance

Calculate the present value of an investment that will be worth $1,000 after 6 years at 4% per year compounded annually. Round your answer to the nearest cent. P = __________

(Short Answer)

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(78)

Question 41

Calculate to the nearest 0.01% your annual loss (on a simple interest basis) if you had bought Apple stock in March, 2000, and sold in January, 2002. Month Dec. 1997 Aug. 1999 Mar. 2000 May 2000 Aug. 2000 Dec. 2000 Monthly Price 33.80 16.31 12.39 21 30.37 7.44 Month Jan. 2002 Mar. 2003 Oct. 2003 Nov. 2004 Feb. 2005 Aug. 2005 Monthly Price 12.36 7.07 11.44 33.53 44.86 45.74

(Multiple Choice)

4.8/5

(74)

Question 42

You take out a 2-year, $5,000 loan at 9% simple annual interest. The lender charges you a $200 fee. Thinking of the fee as additional interest, what is the actual annual interest rate you will pay Round answer to the nearest whole number. __________%

(Short Answer)

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(77)

Question 43

You invest $11,000 in Rapid Growth Funds, which appreciate by 2% per year, with yields reinvested quarterly. By how much will your investment have grown after 7 years Round your answer to the nearest cent. $ __________

(Short Answer)

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(73)

Question 44

Calculate, to the nearest cent, the future value of an investment of $12,000 at 0.3% per year, compounded monthly, after 8 years. $ __________

(Short Answer)

4.8/5

(86)

Question 45

At auction on August 18, 2005, 3-month T-bills were sold at a discount of 3.670%. What was the simple annual yield Round answer to the nearest 0.001%.

(Multiple Choice)

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(90)

Question 46

Determine the periodic payment for a loan of $200,000 borrowed at 3% for 15 years, with monthly payments. Round your answer to the nearest cent.

(Multiple Choice)

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(77)

Question 47

Find the present value of an investment at 5% annual simple interest which is worth $50,000 after 30 months. Round your answer to the nearest cent. $__________

(Essay)

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(80)

Question 48

Determine the monthly payment necessary to accumulate $30,000 in a fund paying 6% per year, compounded monthly, for 8 years. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent.

(Multiple Choice)

4.9/5

(66)

Question 49

Determine the amount of money, to the nearest dollar, you must invest now at 5% per year compounded annually, so that you will be a millionaire in 35 years. Round your answer to the nearest cent. $__________

(Short Answer)

4.8/5

(65)

Question 50

At what annual (simple interest) rate did the population of some county increase from 1970 to 2000 Round your answer to one decimal place.

(Multiple Choice)

4.8/5

(77)

Question 51

Find the present value of a decreasing annuity necessary to fund withdrawals of $1,100 per month for 10 years, if the annuity earns 6% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent.

(Multiple Choice)

4.9/5

(86)

Question 52

You hear on the evening news:"The economy last year grew by 5% from the previous year, and this was the second year in a row in which the economy showed a 5% growth." This means that, in dollar terms, the economy grew more last year than the year before. State whether this statement is right or wrong.

(Multiple Choice)

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Question 53

The simple interest on a $7,600 loan at 7% per year amounted to $4,788. When did the loan mature ?

(Multiple Choice)

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(75)

Question 54

The effective rate exceeds the nominal rate when the interest is compounded more than once a year resulting in a larger effective rate.

(True/False)

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(88)

Question 55

At auction on January 11, 1999, 1 year US Treasury Bills were sold at a discount of 5.356%. What was the annual yield rounded to the nearest 0.001%

(Multiple Choice)

5.0/5

(78)

Question 56

Find the periodic withdrawal for an annuity of $75,000 at 4%, paid out quarterly for 25 years. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent.

(Multiple Choice)

4.9/5

(78)

Question 57

Find the present value of an investment at 7% annual simple interest which is worth $30,000 after 30 months. Round your answer to the nearest cent.

(Multiple Choice)

4.8/5

(73)

Question 58

Calculate the present value of an investment that will be worth $2,000 after 3 years at 8% per year compounded annually. Round your answer to the nearest cent.

(Multiple Choice)

4.9/5

(99)

Question 59

Calculate, to the nearest cent, the future value of an investment of $12,000 at 4.5% per year, compounded quarterly, after 5 years. FV = $__________

(Short Answer)

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(71)

Question 60

Showing 41 - 60 of 137

Calculate the present value of an investment that will be worth $1,000 after 6 years at 4% per year compounded annually. Round your answer to the nearest cent. P = __________

You take out a 2-year, $5,000 loan at 9% simple annual interest. The lender charges you a $200 fee. Thinking of the fee as additional interest, what is the actual annual interest rate you will pay Round answer to the nearest whole number. __________%

You invest $11,000 in Rapid Growth Funds, which appreciate by 2% per year, with yields reinvested quarterly. By how much will your investment have grown after 7 years Round your answer to the nearest cent. $ __________

Calculate, to the nearest cent, the future value of an investment of $12,000 at 0.3% per year, compounded monthly, after 8 years. $ __________

At auction on August 18, 2005, 3-month T-bills were sold at a discount of 3.670%. What was the simple annual yield Round answer to the nearest 0.001%.

Determine the periodic payment for a loan of $200,000 borrowed at 3% for 15 years, with monthly payments. Round your answer to the nearest cent.

Find the present value of an investment at 5% annual simple interest which is worth $50,000 after 30 months. Round your answer to the nearest cent. $__________

Determine the monthly payment necessary to accumulate $30,000 in a fund paying 6% per year, compounded monthly, for 8 years. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent.

Determine the amount of money, to the nearest dollar, you must invest now at 5% per year compounded annually, so that you will be a millionaire in 35 years. Round your answer to the nearest cent. $__________

At what annual (simple interest) rate did the population of some county increase from 1970 to 2000 Round your answer to one decimal place.

Find the present value of a decreasing annuity necessary to fund withdrawals of $1,100 per month for 10 years, if the annuity earns 6% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent.

The simple interest on a $7,600 loan at 7% per year amounted to $4,788. When did the loan mature ?

The effective rate exceeds the nominal rate when the interest is compounded more than once a year resulting in a larger effective rate.

At auction on January 11, 1999, 1 year US Treasury Bills were sold at a discount of 5.356%. What was the annual yield rounded to the nearest 0.001%

Find the periodic withdrawal for an annuity of $75,000 at 4%, paid out quarterly for 25 years. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent.

Find the present value of an investment at 7% annual simple interest which is worth $30,000 after 30 months. Round your answer to the nearest cent.

Calculate the present value of an investment that will be worth $2,000 after 3 years at 8% per year compounded annually. Round your answer to the nearest cent.

Calculate, to the nearest cent, the future value of an investment of $12,000 at 4.5% per year, compounded quarterly, after 5 years. FV = $__________

Functions and Applications

Nonlinear Functions and Models

Systems of Linear Equations and Matrices

Matrix Algebra and Applications

Linear Programming

Sets and Counting

Probability

Random Variables and Statistics

Introduction to the Derivative

Techniques of Differentiation

Applications of the Derivative

The Integral

Further Integration Techniques and Applications of the Integral

Functions of Several Variables

Trigonometric Models

Filters

Exam 3: The Mathematics of Finance

Calculate the present value of an investment that will be worth $1,000 after 6 years at 4% per year compounded annually. Round your answer to the nearest cent. ​ ​P​ = __________

You take out a 2-year, $5,000 loan at 9% simple annual interest. The lender charges you a $200 fee. Thinking of the fee as additional interest, what is the actual annual interest rate you will pay Round answer to the nearest whole number. __________%

You invest $11,000 in Rapid Growth Funds, which appreciate by 2% per year, with yields reinvested quarterly. By how much will your investment have grown after 7 years Round your answer to the nearest cent. $ __________

Calculate, to the nearest cent, the future value of an investment of $12,000 at 0.3% per year, compounded monthly, after 8 years. ​ $ __________

At auction on August 18, 2005, 3-month T-bills were sold at a discount of 3.670%. What was the simple annual yield Round answer to the nearest 0.001%.

Determine the periodic payment for a loan of $200,000 borrowed at 3% for 15 years, with monthly payments. Round your answer to the nearest cent. ​

Find the present value of an investment at 5% annual simple interest which is worth $50,000 after 30 months. Round your answer to the nearest cent. ​ $__________

Determine the monthly payment necessary to accumulate $30,000 in a fund paying 6% per year, compounded monthly, for 8 years. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent. ​

Determine the amount of money, to the nearest dollar, you must invest now at 5% per year compounded annually, so that you will be a millionaire in 35 years. Round your answer to the nearest cent. ​ $__________

At what annual (simple interest) rate did the population of some county increase from 1970 to 2000 Round your answer to one decimal place.

Find the present value of a decreasing annuity necessary to fund withdrawals of $1,100 per month for 10 years, if the annuity earns 6% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent. ​

The simple interest on a $7,600 loan at 7% per year amounted to $4,788. When did the loan mature ?

The effective rate exceeds the nominal rate when the interest is compounded more than once a year resulting in a larger effective rate.

At auction on January 11, 1999, 1 year US Treasury Bills were sold at a discount of 5.356%. What was the annual yield rounded to the nearest 0.001%

Find the periodic withdrawal for an annuity of $75,000 at 4%, paid out quarterly for 25 years. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent.

Find the present value of an investment at 7% annual simple interest which is worth $30,000 after 30 months. Round your answer to the nearest cent.

Calculate the present value of an investment that will be worth $2,000 after 3 years at 8% per year compounded annually. Round your answer to the nearest cent. ​

Calculate, to the nearest cent, the future value of an investment of $12,000 at 4.5% per year, compounded quarterly, after 5 years. ​ FV = $__________

Functions and Applications

Nonlinear Functions and Models

Systems of Linear Equations and Matrices

Matrix Algebra and Applications

Linear Programming

Sets and Counting

Probability

Random Variables and Statistics

Introduction to the Derivative

Techniques of Differentiation

Applications of the Derivative

The Integral

Further Integration Techniques and Applications of the Integral

Functions of Several Variables

Trigonometric Models

Filters

Calculate the present value of an investment that will be worth $1,000 after 6 years at 4% per year compounded annually. Round your answer to the nearest cent. P = __________

Calculate, to the nearest cent, the future value of an investment of $12,000 at 0.3% per year, compounded monthly, after 8 years. $ __________

Determine the periodic payment for a loan of $200,000 borrowed at 3% for 15 years, with monthly payments. Round your answer to the nearest cent.

Find the present value of an investment at 5% annual simple interest which is worth $50,000 after 30 months. Round your answer to the nearest cent. $__________

Determine the monthly payment necessary to accumulate $30,000 in a fund paying 6% per year, compounded monthly, for 8 years. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent.

Determine the amount of money, to the nearest dollar, you must invest now at 5% per year compounded annually, so that you will be a millionaire in 35 years. Round your answer to the nearest cent. $__________

Find the present value of a decreasing annuity necessary to fund withdrawals of $1,100 per month for 10 years, if the annuity earns 6% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent.

Calculate the present value of an investment that will be worth $2,000 after 3 years at 8% per year compounded annually. Round your answer to the nearest cent.

Calculate, to the nearest cent, the future value of an investment of $12,000 at 4.5% per year, compounded quarterly, after 5 years. FV = $__________