Order
Toll-free 24/7:
+1(785)301-4424
Order

[SOLVED] Questions

Author: Client Uploads
May 25th, 2022

I need an explanation for this Statistics question to help me study.

Struggling to find relevant content or pressed for time? – Don’t worry, we have a team of professionals to help you on
[SOLVED] Questions
Get a 15% Discount on this Paper
Order Now

please answers these questions first that’s step 1 this assignment is two step I’m going to post the questions please finish that first and next I will put the last step here are the instructions:

Quiz

Question 1 (1 point)

Saved

What is the simple interest earned on a 1-year $300 deposit that earns 5% per year?

Question 1 options:

a)

$25

b)

$76

c)

$15

d)

$40

e)

$98

Question 2 (1 point)

Saved

What is the rate of interest charged by a lender?

a)

Discounted

b)

Continuous

c)

Effective

d)

Nominal

Question 3 (1 point

What is the amount of money that would have to be deposited today to obtain a specified amount at a later dat

a)

Future value interest factor

b)

Present value interest factor

c)

Present value

d)

Future value

Question 4

A college received a contribution to its endowment fund of $3 million. They can never touch the principal, but they can use the earnings. At an assumed interest rate of 8.5%, how much can the college earn each year?

Question 4 options:

a)

$150,000

b)

$36,000

c)

$255,000

d)

$200,000

e)

$15,000

Question 5

If you deposit $1,200 into an account today that pays 6% interest compounded semiannually, after 25 years how much interest would you have earned?

Question 5 options:

a)

$5,260.69

b)

$4,060.69

c)

$3,950.24

d)

$1,312.53

e)

$20,904.19

Question 6 (1 point)

The cost of a bacon cheeseburger was $.99. If the price of this sandwich increased at a 3% annual rate over the last five years, what would the price be today?

Question 6 options:

a)

$ .84

b)

$1.12

c)

$1.22

d)

$1.15

e)

$1.02

Question 7 (1 point)

How many years will it take to triple a value given an effective annual interest rate of 20%? (Round to the closest year.)

Question 7 options:

a)

6

b)

8

c)

5

d)

11

e)

3

Question 8 (1 point)

How many years will it take to triple an amount if you have $6,000 invested at a rate of 15%? (Round up to obtain a whole number of years if necessary.)

Question 8 options:

a)

3

b)

8

c)

9

d)

8

e)

11

Question 9 (1 point)

A credit union advertises a nominal annual rate of 13.7% on a car loan. Interest is compounded monthly. What is the effective interest rate?

Question 9 options:

a)

15.00%

b)

14.59%

c)

10.00%

d)

12.00%

Question 10 (1 point)

What is the present value of an amount given the following information?
Number of compounding years = 2
FV deposit = $200
Nominal Interest rate = 9%
Deposit periods in years = 21

Question 10 options:

a)

$25.65

b)

$38.19

c)

$31.49

d)

$45.20

Question 11 (1 point)

The discount rate on this mixed stream of cash flows is 10%. What is the present value given this data?
Year 1 Cash flow stream = $7,000
Year 2 Cash flow stream = $3,000
Year 3 Cash flow stream = $6,000

Question 11 options:

a)

$13,350.86

b)

$15,321.56

c)

$12,432.00

d)

$14,321.78

Question 12 (1 point)

What is the difference between simple and compound interest?

Question 12 options:

a)

Simple interest is only paid at the end of the investment period.

b)

Compound interest is paid up front and not when the investment matures.

c)

Simple interest earns a higher interest rate on reinvested than compound interest.

d)

Compound interest entails receiving interest payments on previously earned interest.

e)

Simple interest is not taxed by the federal government.

Question 13 (1 point)

The bank loaned you $20,000 for a new car. The signed agreement states 60 monthly payments at $444.89. What is the effective rate on the car loan?

Question 13 options:

a)

15.34%

b)

12.68%

c)

13.56%

d)

11.34%

Question 14 (1 point)

What is the future value of $200 deposited today at 8% compounded semiannually for three years?

Question 14 options:

a)

$253

b)

$165

c)

$380

d)

$248

e)

$232

Question 15 (1 point)

The rate on a mixed stream of cash flows is 12%. $1,200 at the beginning of year 1, $2,200 at the beginning of year 2, and $3,300 at the beginning of year 3. What is the future value of all cash flows?

Question 15 options:

a)

$7,700

b)

$8,141

c)

$10,510

d)

$6,504

e)

$17,000

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
Sign up, place your order, and leave the rest to our professional paper writers in less than 2 minutes.
step 1
Upload assignment instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
s
Get personalized services with MyCoursebay
One writer for all your papers
You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments
Same paper from different writers
Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers
Copy of sources used
Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order
What our partners say about us
We appreciate every review and are always looking for ways to grow. See what other students think about our do my paper service.
Nursing
They research and provide the best and up-to-date information..
Customer 452707, June 27th, 2023
Human Resources Management (HRM)
Thanks for the paper. Hopefully this one will receive higher than a C and has followed all guidelines.
Customer 452701, November 16th, 2022
Nursing
Always a wonderful experience!
Customer 452453, February 23rd, 2023
Technology
I can work with it and massage it to what I need. Thank You
Customer 452827, July 19th, 2022
Other
great
Customer 452813, June 25th, 2022
Human Resources Management (HRM)
Thanks for the revision. Your support is greatly appreciated.
Customer 452701, August 27th, 2023
Human Resources Management (HRM)
awesome job
Customer 452701, August 14th, 2023
Other
Awesome Work!
Customer 452587, February 24th, 2022
Social Work and Human Services
Excellent Work!
Customer 452587, August 24th, 2021
IT, Web
Great job on the paper.
Customer 452885, February 7th, 2023
Social Work and Human Services
Thank you
Customer 452559, July 2nd, 2021
Social Work and Human Services
Great Work!
Customer 452587, August 31st, 2021
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Good News ! We now help with PROCTORED EXAM. Chat with a support agent for more information

Get Started
NEW

Thank you for choosing MyCoursebay. Your presence is a motivation to us. All papers are written from scratch. Plagiarism is not tolerated. Order now for a 15% discount

Order Now