**QUESTION 1**

If the effective rate is 17%. What is the nominal rate if compounding is daily. Do not enter the symbol % in your answer. Simply enter the answer in percentages rounded off to two decimal points.

**QUESTION 2**

How many months it will take to grow your money from $3,769 to $7,149 if you can earn an interest of 7% compounded monthly? Note: Do not write “months” in your answer. Simply write the number in the answer box.

**QUESTION 3**

Gertrude Carter and Co. has an outstanding loan that calls for equal annual payments of $14,903 over the 10-year life of the loan. The original loan amount was $100,000 at an APR of 8 percent. How much of the third payment is interest?

Do not enter the symbol $ in your answer. Simply enter the answer rounded off to two decimal points.

**QUESTION 4**

What should you be willing to pay in order to receive $947 annually forever, if you require 6% per year on the investment?

Just enter the number up to 2 decimal points. Do not enter $ in the answer box.

**QUESTION 5**

How many years it will take to grow your money from $4,324 to $8,358 if you can earn an interest of 7% compounded quarterly? Note: Do not write “years” in your answer. Simply write the number in the answer box.

**QUESTION 6**

027:

Say, you deposit $4,381 in a bank for 19 years. What is the amount you will have in the bank at the end of 19 years if interest of 6 % compounded monthly for first 5 years and interest of 9 % compounded quarterly for the remaining years? Note: Do not put $ sign in your answer. Simply write the number in the answer box.

**QUESTION 7**

How many years it will take you to quadruple (means 4 times) your money if you can earn 3.9% each year? Note: Do not write “years” in your answer. Simply write the number in the answer box.

**QUESTION 8**

The ABC Company is considering a new project which will require an initial cash investment of $5,474. The project will produce no cash flows for the first 5 years. The projected cash flows for years 6 through 9 are $3,514, $3,809, $2,905, and $5,345, respectively. If the appropriate discount rate is 13%, compute the NPV of the project.

Enter your answer rounded off to two decimal points. Do not enter $ in the answer box.

**QUESTION 9**

How much do you need to invest today in order to have $5,384 at the end of 22 years if you are sure to earn an interest at the rate of 11%, if interest is compounded quarterly? Note: Do not put $ sign in your answer. Simply write the number in the answer box.

**QUESTION 10**

Consider a 10-year loan with monthly payments at 10%. If the loan amount is $250,000, compute the Interest paid during the 6^{th} year.

Enter your answer rounded off to two decimal points. Do not enter $ in the answer box.

**QUESTION 11**

The Perpetual Life Insurance Co is trying to sell you an investment policy that will pay you and your heirs $10,113 per year forever. Suppose the Perpetual Life Insurance Co. told you the policy costs $179,869. At what interest rate would this be a fair deal? Just enter the number in percentages up to 2 decimal points. Do not enter % in the answer box.

**QUESTION 12**

In order to buy a house, you take a loan of 100,000 at 7.5% for a period of 13 years. Compute the balance remaining at the end of 5 years.

Do not enter the symbol $ in your answer. Enter your answer as a positive number. Simply enter the answer rounded off to two decimal points.

**QUESTION 13**

If you receive $321 at the end of each year for the first three years and $692 at the end of each year for the next three years. What is the present value? Assume interest rate is 11%.

Hint: This is an uneven cash flow problem. Use the CF function and solve for NPV to get the answer.

Just enter the number up to 2 decimal points. Do not enter $ in the answer box.

**QUESTION 14**

Assume interest rate of 8%. A company receives cash flows of $96,921 at the end of years 4, 5, 6, 7, and 8, and cash flows of $277,114 at the end of year 10. Compute the future value of this cash flow stream.

Do not enter the symbol $ in your answer. Simply enter the answer rounded off to two decimal points.

**QUESTION 15**

If you can triple your money in 24 years, what is the implied rate of interest? Note: Do not put % sign in your answer. Simply write the number in percentages in the answer box.

**QUESTION 16**

Today, you are purchasing a $1,304 3-year car loan at 11 percent. You will pay annually at the end of each year. What is the amount of each payment?

**QUESTION 17**

Assume interest rate of 8%. A company receives cash flows of $542 at the end of year 5, $275 at the end of year 7, and $691 at the end of year 10. Compute the future value of this cash flow stream.

Do not enter the symbol $ in your answer. Simply enter the answer rounded off to two decimal points.

**QUESTION 18**

Kelly starting setting aside funds 7 years ago to buy some new equipment for her firm. She has saved $1,888 each quarter and earned an average rate of return of 3 percent. How much money does she currently have saved for this purpose?

**QUESTION 19**

How many years it will take to grow your money from $4,134 to $6,678 if you can earn an interest of 20% compounded monthly? Note: Do not write “years” in your answer. Simply write the number in the answer box.

**QUESTION 20**

What is the future value of $4,515 invested for 18 years at 19% if interest is compounded semi-annually? Note: Do not put $ sign in your answer. Simply write the number in the answer box.

**QUESTION 21**

Barrett Pharmaceuticals is considering a drug project that costs $191,892 today and is expected to generate end-of-year annual cash flows of $10,224, forever. At what discount rate would Barrett be indifferent between accepting and rejecting the project?

Just enter the number in percentages up to 2 decimal points. Do not enter % in the answer box.

**QUESTION 22**

How much do you need to invest today in order to have $10,016 at the end of 13 years if you are sure to earn an interest at the rate of 4%? Note: Do not put $ sign in your answer. Simply write the number in the answer box.

**QUESTION 23**

Assume interest rate of 8%. Suppose that you receive $107,238 at the end of each year for 4 years. Suppose that this cash flow starts at the end of the fourth year. Compute the present value.

Do not enter the symbol $ in your answer. Simply enter the answer rounded off to two decimal points.

**QUESTION 24**

What is the future value of $13,515 for 9 years at 9 percent if interest is compounded semi-annually? Note: Do not enter “$” in your answer. Simply write down the number that you get as your answer.

**QUESTION 25**

Say, you deposit $2,808 in a bank for 16 years. What is the amount you will have in the bank at the end of 16 years if interest of 6 % for first 7 years and interest of 9 % for the remaining years? Note: Do not put $ sign in your answer. Simply write the number in the answer box.

**QUESTION 26**

What is the future value of $535 invested for 13 years at 8% if interest is compounded semi-annually (twice a year)? Note: Do not put $ sign in your answer. Simply write the number in the answer box.

**QUESTION 27**

What is the future value of quarterly payments of $947 for 10 years at 7 percent?

**QUESTION 28**

The ABC Company is considering a new project which will require an initial cash investment of $17,429. The projected cash flows for years 1 through 4 are $6,228, $7,718, $9,087, and $4,328, respectively. If the appropriate discount rate is 3%, compute the NPV of the project.

Enter your answer rounded off to two decimal points. Do not enter $ in the answer box.

**QUESTION 29**

What is the future value of $2,772 invested for 14 years at 8% if interest is compounded quarterly? Note: Do not put $ sign in your answer. Simply write the number in the answer box.

**QUESTION 30**

What is the effective rate of 15% compounded monthly?

Do not enter the symbol % in your answer. Simply enter the answer in percentages rounded off to two decimal points.

**QUESTION 31**

How many years it will take you to double your money if you can earn 16% each year, given that compounding is quarterly? Note: Do not write “years” in your answer. Simply write the number in the answer box.

**QUESTION 32**

If you can double your money in 8 years, what is the implied annual rate of interest, given that compounded in quarterly? Note: give your answer in percentages. Note: Do not put % sign in your answer. Simply write the number in percentages in the answer box.

**QUESTION 33**

What is the future value of annual payments of $4,733 for 15 years at 7 percent?

**QUESTION 34**

If you can double your money in 22 years, what is the implied annual rate of interest, given that compounded semi-annually? Note: give your answer in percentages. Note: Do not put % sign in your answer. Simply write the number in percentages in the answer box.

**QUESTION 35**

How much do you need to invest today in order to have $6,515 at the end of 14 years if you are sure to earn an interest at the rate of 15%, if interest is compounded monthly? Note: Do not put $ sign in your answer. Simply write the number in the answer box.

**QUESTION 36**

If you put $700 in a savings account with a 10% nominal rate of interest compounded monthly, what will the investment be worth in 21 months (round to the nearest dollar)?

a. | $827 | |

b. | $828 | |

c. | $770 | |

d. | $1,176 | |

e. | $833 |

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