GENERAL MATHEMATICS QUIZ
Quiz by JOANA FELIZA GUEVARA
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50 questions
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- Q1This refers to the combined amount of money paid beforehand and the original value of the periodic payments.Future of Value a Compound InterestPresent Value of a Simple Ordinary AnnuityCash ValueDownpayment20s
- Q2It refers to a single amount that is equivalent to the value of the payment stream at that date.Fair market valueEconomic valueCash flowFocal date20s
- Q3This particular date is calledCash flowFocal dateFair market valueEconomic value20s
- Q4What is the annuity that does not begin until a given time interval has passed?Deferred AnnuitySimple AnnuityGeneral AnnuityOrdinary Annuity20s
- Q5What is the time between the first payment interval and last payment interval?Term of an annuityNone of the aboveStart of an annuityEnd of an annuity20s
- Q6When solving for an equivalent rate, say j= (1.025)⁴ - 1, at least how many decimal places should be used?6 decimal places5 decimal places3 decimal places4 decimal places20s
- Q7What is the annual interest rate that may be compounded more than once a year?Fixed RateNominal RateEquivalent RateEffective Rate20s
- Q8It is the time between successive conversions of interest.Rate of interest for each conversion periodFrequency of ConversionTotal number of conversion periodsConversion of interest period20s
- Q9It is the date on which money is received by the borrower.Maturity dateLoan dateFocal dateDue date20s
- Q10It is an annuity in which the payments extend over an indefinite (or indeterminate) length of timeContingent AnnuityAnnuity DueAnnuity CertainOrdinary Annuity20s
- Q11Find the period of deferral in the deferred annuity. - Payments of 5000 pesos every 4 months for 10 years that will start five years from now13 periods12 periods15 periods14 periods120s
- Q12Find the period of deferral in the deferred annuity. - Monthly payments of 10,000 pesos for 8 years that will start 6 months from now7 months4 months5 months6 months120s
- Q13Find the period of deferral in the deferred annuity. - At what simple interest rate per annum will 25,000 pesos accumulate to 33,000 pesos in 5 years?16%16.5%7%6.4%120s
- Q14Find the period of deferral in the deferred annuity. - Angel deposited 20,000 pesos in a bank that pays 0.5% simple interest. How much will be her money after 6 years?24,600 pesos20,000 pesos20,600 pesos21,600 pesos300s
- Q15Find the total amount due on a loan of 600 pesos at 16% interest at the end of 15 months.800 pesos720 pesos820 pesos700 pesos300s