Question 1

On April 24,2012,Rebecca purchased a government-guaranteed short-term investment maturing on
July 5,2012.How much did Rebecca pay for the investment if she will receive $6000 on the maturity date and interest is 2.75%?

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Question 2

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

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Question 3

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

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Question 4

Determine the amount of money that would have to be invested at 5  % to accumulate to $10 000.00,91 days after the investment date.

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Question 5

What sum of money will accumulate to $3700.00 at 14.75% p.a.in 451 days?

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Question 6

Compute the accumulated value of $6500.00 at 8.5% after eleven months.

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Question 7

What is the present value of $41 230.00 due in nine months if interest is 11.1%?

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Question 8

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

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Question 9

What is the amount to which $7250.00 will grow at 7.75% p.a.in 3 months?

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Question 10

An appliance store advertises a stove for $747.50 with nothing down,no payments and no interest for six months.Determine the cash value the store would be willing to accept if on a six-month investment,it can earn an interest of 4%.

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Question 11

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

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Question 12

Find the present value of a debt of $760.00 ninety-five days before it is due if money is worth 6.25%.

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Question 13

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

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Question 14

What principal will have a maturity value of $61 500.00 at 6.5% p.a.in 17 months?

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Question 15

A loan payment of $1700 was due 60 days ago and another payment of $1200 is due 45 days from now.What single payment 90 days from now will pay off the two obligation if interest is to be 14% and the agreed focal date is 90 days from now?

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Question 16

Tamiko invested $1500.00 at a bank for eight months at an interest rate of 4  %.Calculate the maturity value of the investment.

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Question 17

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?

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Question 18

Debt payments of $800.00 due now and $1400.00 due in five months are to be repaid by a payment of $1000.00 in three months and a final payment in eight months.Calculate the size of the final payment if interest is 6%.

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Question 19

Leo wishes to invest $8000.00 that he saved from his summer job.His bank offers 3.75% for a one-year term investment or 3.5% for a six-month term.Help Leo to investigate his options.
a)How much will Leo receive after one year if he invests at the one-year rate?
b)How much will Leo receive after one-year if he invests for six-months at a time at 3.5% each time?
c)What would the one-year rate have to be to yield the same amount of interest as the investment described in part b)?

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Question 20

What sum of money will accumulate to $539.04 in 97 days at 11.4%?

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Quiz 7: Simple Interest

On April 24,2012,Rebecca purchased a government-guaranteed short-term investment maturing on July 5,2012.How much did Rebecca pay for the investment if she will receive $6000 on the maturity date and interest is 2.75%?

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

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

Determine the amount of money that would have to be invested at 5 % to accumulate to $10 000.00,91 days after the investment date.

What sum of money will accumulate to $3700.00 at 14.75% p.a.in 451 days?

Compute the accumulated value of $6500.00 at 8.5% after eleven months.

What is the present value of $41 230.00 due in nine months if interest is 11.1%?

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

What is the amount to which $7250.00 will grow at 7.75% p.a.in 3 months?

An appliance store advertises a stove for $747.50 with nothing down,no payments and no interest for six months.Determine the cash value the store would be willing to accept if on a six-month investment,it can earn an interest of 4%.

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

Find the present value of a debt of $760.00 ninety-five days before it is due if money is worth 6.25%.

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

What principal will have a maturity value of $61 500.00 at 6.5% p.a.in 17 months?

A loan payment of $1700 was due 60 days ago and another payment of $1200 is due 45 days from now.What single payment 90 days from now will pay off the two obligation if interest is to be 14% and the agreed focal date is 90 days from now?

Tamiko invested $1500.00 at a bank for eight months at an interest rate of 4 %.Calculate the maturity value of the investment.

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?

Debt payments of $800.00 due now and $1400.00 due in five months are to be repaid by a payment of $1000.00 in three months and a final payment in eight months.Calculate the size of the final payment if interest is 6%.

What sum of money will accumulate to $539.04 in 97 days at 11.4%?