FIN-001
What is the annual interest rate equivalent
to 3% per month?
a) 38.89%
b) 39.65%
c) 42.57%
d) 43.21%
e) 40.68%
FIN-002
Determine the amount of an investment of $ 1,000.00
over a period of 1 year, with a quarterly interest
rate of 3.1%.
a) 1,139.00
b) 1,181.23
c) 1,147.21
d) 1,138.29
e) 1,129.88
FIN-003
What will be the final amount of an investment
of $ 10,000.00, made for 6 months at a rate of 5%
per month, compounded monthly?
(Do not consider cents.)
a) 13,178.00
b) 13,291.00
c) 13,625.00
d) 13.814,00
e) 13,401.00
FIN-004
Determine the amount to be invested to obtain a
return of $ 15,000.00 in 3 years, with an annual
interest rate of 10%. ( Do not consider cents. )
a) 11,269.00
b) 11,365.00
c) 11,487.00
d) 11,503.00
e) 11,604.00
