Question 1

Find the present value, using the present value formula and a calculator.
​
Achieve $6,000 in two years at 9.5% simple interest.
​
Please round the answer to the nearest cent.
​
$__________

Accepted Answer

The answer of Find the present value, using the present...

Question 2

Calculate the amount of simple interest earned.
​
$2,000 at 9% for 6 years
​
$__________

Accepted Answer

The answer of Calculate the amount of simple interest earned.
​
$2,000...

Question 3

Find the future value, using the future value formula and a calculator.
​  at  simple interest for 3 years
​
Please round the answer to the nearest cent.
​
$__________

Accepted Answer

The answer of Find the future value, using the future...

Question 4

If $16,000 is invested at 8% for 12 years, find the future value if the interest is compounded semiannually.
​
Please round the answer to the nearest cent.
​
$__________

Accepted Answer

The answer of If $16,000 is invested at 8% for...

Question 5

If Rita receives $63.90 interest for a deposit earning 6% simple interest for 150 days, what is the amount of her deposit to the nearest dollar? Use a 360-day year.
​
$__________

Accepted Answer

The answer of If Rita receives $63.90 interest for a...

Question 6

Find the cost of a CD in 12 years, assuming an inflation rate of 4.5%, if its present cost is $12.95.
​
Please round the answer to the nearest cent.
​
$__________

Accepted Answer

The answer of Find the cost of a CD in...

Question 7

Find the effective yield for the investment. Round to the nearest hundredth of a percent.
​
10%, compounded semiannually
​
__________%

Accepted Answer

The answer of Find the effective yield for the investment....

Question 8

Calculate the time necessary to achieve the investment goal. Give your answer to the nearest day. Use a 365-day year.
​
$6,000 at 8% simple interest; deposit $1,550
​
__________ years __________ days

Accepted Answer

The answer of Calculate the time necessary to achieve the...

Question 9

Use estimation to select the best response. Do not calculate.
​
In order to retire and live on the interest only, what is a reasonable amount to have in the bank?
​
$ __________ (10,000; 300; 500,000; impossible to estimate)

Accepted Answer

The answer of Use estimation to select the best response....

Question 10

Use estimation to select the best response. Do not calculate.
​
If  and  ,  and  years, estimate  .
​  = $ __________ (25,000; 125,000; 250,000; 2,500)

Accepted Answer

The answer of Use estimation to select the best response....

Quiz 11: The Nature of Sequences, Series, and Financial Management

Find the present value, using the present value formula and a calculator. Achieve $6,000 in two years at 9.5% simple interest. Please round the answer to the nearest cent. $__________

Calculate the amount of simple interest earned. $2,000 at 9% for 6 years $__________

Find the future value, using the future value formula and a calculator. at simple interest for 3 years Please round the answer to the nearest cent. $__________

If $16,000 is invested at 8% for 12 years, find the future value if the interest is compounded semiannually. Please round the answer to the nearest cent. $__________

If Rita receives $63.90 interest for a deposit earning 6% simple interest for 150 days, what is the amount of her deposit to the nearest dollar? Use a 360-day year. $__________

Find the cost of a CD in 12 years, assuming an inflation rate of 4.5%, if its present cost is $12.95. Please round the answer to the nearest cent. $__________

Find the effective yield for the investment. Round to the nearest hundredth of a percent. 10%, compounded semiannually __________%

Calculate the time necessary to achieve the investment goal. Give your answer to the nearest day. Use a 365-day year. $6,000 at 8% simple interest; deposit $1,550 years days

Use estimation to select the best response. Do not calculate. In order to retire and live on the interest only, what is a reasonable amount to have in the bank? $ __________ (10,000; 300; 500,000; impossible to estimate)

Use estimation to select the best response. Do not calculate. If and , and years, estimate . = $ __________ (25,000; 125,000; 250,000; 2,500)

Quiz 11: The Nature of Sequences, Series, and Financial Management

Find the present value, using the present value formula and a calculator. ​ Achieve $6,000 in two years at 9.5% simple interest. ​ Please round the answer to the nearest cent. ​ $__________

Calculate the amount of simple interest earned. ​ $2,000 at 9% for 6 years ​ $__________

Find the future value, using the future value formula and a calculator. ​ at simple interest for 3 years ​ Please round the answer to the nearest cent. ​ $__________

If $16,000 is invested at 8% for 12 years, find the future value if the interest is compounded semiannually. ​ Please round the answer to the nearest cent. ​ $__________

If Rita receives $63.90 interest for a deposit earning 6% simple interest for 150 days, what is the amount of her deposit to the nearest dollar? Use a 360-day year. ​ $__________

Find the cost of a CD in 12 years, assuming an inflation rate of 4.5%, if its present cost is $12.95. ​ Please round the answer to the nearest cent. ​ $__________

Find the effective yield for the investment. Round to the nearest hundredth of a percent. ​ 10%, compounded semiannually ​ __________%

Calculate the time necessary to achieve the investment goal. Give your answer to the nearest day. Use a 365-day year. ​ $6,000 at 8% simple interest; deposit $1,550 ​ __________ years __________ days

Use estimation to select the best response. Do not calculate. ​ In order to retire and live on the interest only, what is a reasonable amount to have in the bank? ​ $ __________ (10,000; 300; 500,000; impossible to estimate)

Use estimation to select the best response. Do not calculate. ​ If and , and years, estimate . ​ = $ __________ (25,000; 125,000; 250,000; 2,500)