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1
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It is found by assuming each month to be 30 days

Select one:
a.
Exact time
b.
Ordinary time
c.
Approximate time
d.
Simple time

Question 2
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The actual number of days between May 4 and Sept 6 of the same year is

Select one:
a.
125
b.
135
c.
130
d.
128

Question 3
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At a certain interest compounded semiannually , 5,000 will amount 20,000 in 10 years .What
is the amount at the end of 15 years?

Select one:
a.
40,029.72
b.
40,000.000
c.
40,920.23
d.
40,000.23

Question 4
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Annuity where payment is done at the end of the term

Select one:
a.
Annuity due
b.
Ordinary annuity
c.
Exact annuity
d.
Deferred annuity

Question 5
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The process of determining the current value of a bond

Select one:
a.
Bond determination
b.
Bond validation
c.
Bond interest
d.
Bond evaluation

Question 6
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It refers to the bond rate or coupon rate

Select one:
a.
Effective ratel
b.
Nominal rate
 c.
Present value
d.
Compound value

Question 7
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What rate compounded annually will double any sum in 6 years?

Select one:
a.
12.30%
b.
12.4%
c.
12.20%
d.
12.25%

Question 8
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Accumulate 5,000 for 10 years at 8% compounded quarterly.

Select one:
a.
13,876.50
b.
10,345.80
c.
12,456.30
d.
11,040.20

Question 9
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It is one whose payment depend on an event that cannot be foretold accurately.

Select one:
a.
annuity due
b.
deferred annuity
c.
contingent annuity
d.
ordinary annuity

Question 10
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What rate compounded quarterly is equivalent to 14% compounded semiannually?

Select one:
a.
13.45%
 b.
13.76%
c.
13.65%
d.
13.52%

Question 11
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Find the interest rate on 6800 for 3 years at 11% simple interest .

Select one:
a.
2,244.00
b.
1987.00
c.
1,875.000
d.
2144.00

Question 12
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The present worth of 20,000 with simple interest of 12% due in 9 months is

Select one:
a.
23.500.00
b.
21,000.00
c.
18,509.23
d.
18,348.62

Question 13
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It represents the interest earned date or coupon date also referred to as coupon annuity
payments

Select one:
a.
Periodic payment
b.
Borrowed principal
c.
Bond
d.
Annuity

Question 14
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Which is regarded as an annuity?
Select one:
a.
Water bill
b.
Electricity bill
c.
Monthly wage
d.
Monthly rental

Question 15
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The time between successive interest computation

Select one:
a.
Approximate time
b.
Compounding period
c.
Exact time
d.
Regression period

Question 16
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Find the final output of this proposition (((P ∨ Q) → (R ∧ S)) ↔ ¬(¬T ↔ Q)).

Select one:
a.
TFFTFTFTFTTFTFTFTFFTFTFTFTFTFTFT
b.
TTTTFTFTFTTFTFTFTFFTFTFTFTFTFTFT
c.
FFTTFTFTFTTFTFFFTFFTFTFTFTFTFTFF
d.
TTTTFTFTFTTFTFFFTFFTFTFTFTFTFTFF

Question 17
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How much must be invested today in order to have 15,500 in 2 years if money is worth 12%
simple interest?

Select one:
a.
13,000
b.
12,200
c.
12,500.00
d.
12,000

Question 18
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How long will 4,000 to 14,000 at a simple interest rate of 12.5% ?

Select one:
a.
15 years
b.
20 years
c.
10 years
d.
25 years

Question 19
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The maturity value of a loan of Php 10,000 and interest half of the principal

Select one:
a.
11,000
b.
12,000
c.
18,000
d.
15,000

Question 20
Correct
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The actual time in days from May 1 to Dec 15 of the same year is

Select one:
a.
228
b.
230
c.
240
d.
227

Question 21
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It is an interest computed based on the original principal during the whole life of investment

Select one:
a.
bond
b.
annuity
c.
compound
d.
simple
Question 22
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How long will it take for 500 to accumulate to 2,000 at 12% compounded semi-annually?

Select one:
a.
12.7 years
b.
12 years
c.
12.5 years
d.
12.9 years

Question 23
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How many conversion periods are there for an amount of 1000 compounded quarterly for 5
years

Select one:
a.
15
b.
20
c.
10
 d.
5

Question 24
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John wants to apply for a loan, with a Present Annuity due value of $3,500,568.78 from a
bank that charges 14.28 % interest per annum, compounded monthly. If he can only be able
to pay back $43,367.21 per annum at the beginning of each year, When will John fully pay
all of his debt to the bank?

Select one:
a.
27 years
b.
21 years
c.
15 years
d.
22 years

Question 25
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It refers to a system of arithmetic for integers, which considers the remainder. 

Select one:
a.
Modular Arithmetic
 b.
International Standard Book Number
c.
EAN-12
d.
Universal Product Code

Question 26
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In how many years will $ 21,136.18 amount to $ 75,514.55 at 27.54 % per annum when
compounded quarterly?

Select one:
a.
4.781
b.
4.780
c.
4.871
d.
4.178

Question 27
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The interest computed on the basis of a 360-day year
Select one:
a.
Exact interest
b.
Ordinary interest
c.
Compound
d.
Simple interest

Question 28
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It is one which payment begin and end at fixed times.

Select one:
a.
Annuity certain
b.
Annuity due
c.
Ordinary annuity
d.
Contingent Annuity

Question 29
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 What kind of annuity whose payment depend on an event that cannot be foretold
accurately.

Select one:
a.
Annuity Certain
b.
Ordinary Annuity
c.
Contingent Annuity
d.
Deferred Annuity

Question 30
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A loan of Php 2000 is made for a period of 13 months at a simple interest rate of 20%.What
is the maturity value?

Select one:
a.
2,433.33
b.
2,450.12
c.
2.400.32
d.
2,434.22

Question 31
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It is an amount where the borrower is obliged to pay before the bond is surrendered to the
borrower.

Select one:
a.
maturity value
b.
final amount
c.
Final redemption value
d.
present value

Question 32
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If 16,000 earns 480 in 9 months ,what is the annual rate of interest?

Select one:
a.
3%
b.
4%
c.
2%
d.
1%
Question 33
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Given this UPC number 61414x000036, find the 6th digit x.

Select one:
a.
1
b.
3
c.
2
d.
6

Question 34
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What is the present worth of a Php 1000 annuity over a 10-year period if interest rate is 8%?

Select one:
a.
8976.00
b.
6234.80
c.
6710.00
d.
7896.00

Question 35
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What is the annual rate of interest if 265 is earned in four months on an investment of
15,000.00?

Select one:
a.
5.2%
b.
5,0%
c.
5.3%
d.
5.1%

Question 36
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It is an interest bearing contract which obligates the borrower to make payments of interest
and principal on specific dates to the holder of the bond

Select one:
a.
Check
b.
Annuity
 c.
Bond
d.
Loan

Question 37
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It is also referred to as the principal

Select one:
a.
annuity
b.
Present value
c.
amount
d.
maturity value

Question 38
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It is a connective that results to FALSE only when the antecedent is true and the component
is false.

Select one:
a.
Conditional
 b.
Disjunction
c.
Biconditional
d.
Conjunction

Question 39
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The total amount the borrower would need to repay a loan

Select one:
a.
Maturity value
b.
Present value
c.
Principal
d.
Compound value

Question 40
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If money is worth 4% compounded monthly ,what payment at the end of each quarter will
replace payments of Php 500.00 monthly

Select one:
 a.
1,525.00
b.
1,565.00
c.
1,500.00
d.
1,505.00

Question 41
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Find the present value of an ordinary annuity which has payments of $19157.64 per year for
24 years at 12.34 % compounded quarterly.

Select one:
a.
$ 532159.76
b.
$ 517347.13
c.
$ 593495.07
d.
$ 531295.14

Question 42
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It is a sequence of equal payments made at equal periods

Select one:
a.
Interest
b.
Annuity
c.
Compound interest
d.
Bond

Question 43
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The compound amount when 2,000 is invested at 10% compounded every 6 months for 2
years.

Select one:
a.
2,340.12
b.
2,431.01
c.
2,345.20
d.
2,423.00

Question 44
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A man borrowed 10,000 and agrees to pay at the end of 90 days under 8% simple interest
rate. What is the required amount?

Select one:
a.
10,700
b.
10,200
c.
9,500
d.
11,500

Question 45
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Given this ISBN, 978073342609x. Find the check digit x?

Select one:
a.
3
b.
0
c.
1
d.
4
Question 46
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It is an interest computed based on the original principal and the accumulated past interest.

Select one:
a.
Simple Interest
b.
Compound Interest
c.
Deferred Annuity
d.
Annuity Due

Question 47
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The largest interest can be obtained when compounded.

Select one:
a.
monthly
b.
quarterly
c.
annually
d.
semi-annually

Question 48
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Which covers the longest time?

Select one:
a.
1.5 years
b.
800 days
c.
100 weeks
d.
20 months

Question 49
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How long will 1,000 amount to 1,346 if invested at 6% compounded quarterly?

Select one:
a.
4 years
b.
3 years
c.
5 years
 d.
6 years

Question 50
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The exact simple interest on 5,000 for the period of January 15 to November 28,1992 if the
interest rate is 22%

Select one:
a.
451.89
b.
547.65
c.
955.74
d.
300.55