Review For TVM Calculator Question Preview (ID: 60397)


Review Of Interest Rates, PV, FV, N, P/Y And C/Y. TEACHERS: click here for quick copy question ID numbers.

How much does Halena need to deposit into an account to collect $50 000 at the end of 3 years if the account is paying 5.2 % per year compounded quarterly?
a) 50000
b) 42820.98
c) 41520
d) 42820.99

PV stands for
a) Present Venture
b) Present Value
c) Present Vine
d) Picture Value

Car Loan Payment. What is Kim's monthly payment for a 4-year $9000 car loan with an APR of 7.95% from County Savings Bank?
a) $299.51
b) $219.51
c) $219.50
d) $199.51

Car Loan Payment. What is Sarah's monthly payment for 3-year $4500 car loan with an APR 10.25% from County Savings Bank?
a) $114.67
b) $145.20
c) $45.70
d) $145.73

House Mortgage Payment. Gendo obtains a 30-year $86,000 house loan with an APR of 8.75% from National City Bank. What is her monthly payment?
a) $500
b) $738.87
c) $676.56
d) $730.28

House Mortgage Payment. Roberta obtains a 25-year $100,000 house loan with an APR of 9.25% from NBD Bank. What is her monthly payment?
a) $856.38
b) $788.45
c) $743.12
d) $942.02

Shane takes out a loan for 15 months to purchase a new living room package for $4800. The interest rate on the loan is 12.5% compounded monthly. What will his monthly payment be?
a) $723.66
b) $820.26
c) $320
d) $347.31

Heather decides to invest $3500 into her savings account and leave it there (untouched) for 25 years. The savings account has an interest rate of 6.4% compounded quarterly. How much will she have in 25 years?
a) $17,262.06
b) $3,997.79
c) $3,997.79
d) $20,319.90

What will a deposit of $4,500 at 10% compounded semiannually be worth if left in the bank for six years?
a) $8,020.22
b) $8,081.35
c) $7,959.55
d) $8,181.55

Find the future value of a truck which is purchased for $135 000 and depreciates at 15% p.a. for 5 years.
a) -271533.22
b) 49 900.32
c) 271533.22
d) 59 900.22

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