Questions from Business Mathematics


Q: Calculate the missing values for the promissory notes described. Issue

Calculate the missing values for the promissory notes described. Issue date = Feb 15 Face value ($) = 3300 Term = 60 days Interest rate (%) = 8.75 Maturity value ($) = ?

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Q: If you double the size of the monthly payment you make on

If you double the size of the monthly payment you make on a loan, will you pay it off in (pick one): (i) half the time? (ii) less than half the time? (iii) more than half the time? Give the reasoning...

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Q: Calculate the missing values for the promissory notes described. Issue

Calculate the missing values for the promissory notes described. Issue date = July 3 Face value ($) = ? Term = 90 days Interest rate (%) = 10.20 Maturity value ($) = 2667.57

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Q: If you contribute $250 per month to an RRSP instead of

If you contribute $250 per month to an RRSP instead of $500 per month, will the time required to reach a particular savings target be (pick one): (i) twice as long? (ii) less than twice as long? (iii)...

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Q: Calculate the missing values for the promissory notes described. Issue

Calculate the missing values for the promissory notes described. Issue date = Aug 31 Face value ($) = ? Term = 3 months Interest rate (%) = 7.50 Maturity value ($) = 7644.86

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Q: Give three examples of an annuity due.

Give three examples of an annuity due.

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Q: Calculate the missing values for the promissory notes described. Issue

Calculate the missing values for the promissory notes described. Issue date = Jan 22 Face value ($) = 6200 Term = 120 days Interest rate (%) = ? Maturity value ($) = 6388.04

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Q: For the future value of an annuity due, where is the

For the future value of an annuity due, where is the focal date located relative to the final payment?

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Q: Solve the equations. 12x − 4x(1.06

Solve the equations. 12x − 4x(1.06)4 = $1800

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Q: Calculate the missing values for the promissory notes described. Issue

Calculate the missing values for the promissory notes described. Issue date = Nov 5 Face value ($) = 4350 Term = 75 days Interest rate (%) = ? Maturity value ($) = 4445.28

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