Home / My courses / UGRD-GE6114-2213T / Final Examination / Final Exam

Started on Saturday, 17 December 2022, 3:43 PM

State Finished
Completed on Saturday, 17 December 2022, 4:18 PM
Time taken 34 mins 53 secs
Marks 50.00/50.00
Grade 100.00 out of 100.00

Question 1
Correct

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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. 1,565.00
b. 1,505.00
c. 1,525.00
d. 1,500.00

Question 2

Correct

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It refers to the number that occurs most frequently in a list of numbers.

Select one:
a. Mode
b. Median
c. Mean
d. Deviation
Question 3

Correct

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

Select one:
a. 1%
b. 2%
c. 4%
d. 3%

Question 4
Correct

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The total amount the borrower would need to repay a loan

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

Question 5
Correct

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It refers to the bond rate or coupon rate

Select one:
a. Nominal rate
b. Present value
c. Effective ratel
d. Compound value
Question 6

Correct

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

Select one:
a. 5
b. 15
c. 10
d. 20

Question 7
Correct

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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. 18,000
c. 15,000
d. 12,000

Question 8
Correct

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The line that minimizes the sum of the squares of the vertical deviations from each data point to the line is referred to as the least-squares
regression line, or least- squares line for

Select one:
a. Random line
b. Least regression line
c. Least-squares regression line
d. Regression line
Question 9

Correct

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The mean for data set: 10,12,15,16.,8, 7 is

Select one:
a. 11.33
b. 10.55
c. 14.10
d. 12.12

Question 10
Correct

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

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

Question 11
Correct

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It refers to the middle number if n is odd for a ranked order list of numbers.

Select one:
a. Mode
b. Median
c. Mean
d. Deviation
Question 12

Correct

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The time between successive interest computation

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

Question 13
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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. final amount
b. Final redemption value
c. maturity value
d. present value

Question 14
Correct

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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. 2,450.12
b. 2.400.32
c. 2,434.22
d. 2,433.33
Question 15

Correct

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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. 12,500.00
b. 12,000
c. 13,000
d. 12,200

Question 16
Correct

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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. 2,423.00
c. 2,345.20
d. 2,431.01

Question 17
Correct

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

Select one:
a. Borrowed principal
b. Bond
c. Periodic payment
d. Annuity
Question 18

Correct

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

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

Question 19
Correct

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

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

Question 20
Correct

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It refers to the sum of the numbers divided by n.

Select one:
a. Deviation
b. Mean
c. Mode
d. Median
Question 21

Correct

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

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

Question 22
Correct

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It refers to a collection of numbers or values that relate to a particular subject.

Select one:
a. Data set
b. set
c. null
d. sequence

Question 23
Correct

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Which is regarded as an annuity?

Select one:
a. Water bill
b. Monthly rental
c. Monthly wage
d. Electricity bill
Question 24

Correct

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

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

Question 25
Correct

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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. 6710.00
b. 7896.00
c. 6234.80
d. 8976.00

Question 26
Correct

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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. 5,0%
b. 5.1%
c. 5.3%
d. 5.2%
Question 27

Correct

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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 years
b. 12.5 years
c. 12.7 years
d. 12.9 years

Question 28
Correct

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Which covers the longest time?

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

Question 29
Correct

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

Select one:
a. Ordinary annuity
b. Annuity certain
c. Annuity due
d. Contingent Annuity
Question 30

Correct

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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. 300.55
d. 955.74

Question 31
Correct

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The largest interest can be obtained when compounded.

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

Question 32
Correct

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

Select one:
a. compound
b. annuity
c. bond
d. simple
Question 33

Correct

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The mode for the data in #5 is

Select one:
a. 10
b. 12
c. 9
d. none

Question 34
Correct

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It is found by assuming each month to be 30 days

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

Question 35
Correct

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

Select one:
a. 130
b. 135
c. 125
d. 128
Question 36

Correct

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

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

Question 37
Correct

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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. Loan
b. Annuity
c. Bond
d. Check

Question 38
Correct

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It displays a data set by dividing the data into intervals, or, classes, and listing the number of data values that fail into each interval.

Select one:
a. Relative frequency
b. Cumulative frequency distribution
c. Frequency distribution
d. Normal distribution
Question 39

Correct

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

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

Question 40
Correct

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It is also referred to as the principal

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

Question 41
Correct

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It is a sequence of equal payments made at equal periods

Select one:
a. Bond
b. Annuity
c. Compound interest
d. Interest
Question 42

Correct

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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. 40,920.23
b. 40,029.72
c. 40,000.23
d. 40,000.000

Question 43
Correct

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

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

Question 44
Correct

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The median for the data in #5 is

Select one:
a. 15
b. 12
c. 11
d. 10
Question 45

Correct

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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. 11,500
b. 10,200
c. 10,700
d. 9,500

Question 46
Correct

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Annuity where payment is done at the end of the term

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

Question 47
Correct

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The interest computed on the basis of a 360-day year

Select one:
a. Ordinary interest
b. Compound
c. Exact interest
d. Simple interest
Question 48

Correct

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

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

Question 49
Correct

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It is used to convert any formal distribution into the standard normal curve between them.

Select one:
a. Standard deviation
b. Ratio
c. Z-score
d. T-score

Question 50
Correct

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The process of determining the current value of a bond

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

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