Florida International University: Intermediate Finance

volt 3414 (Intermediate financial Man boardment) experiment assay At anytime during the test, you lavatoryt confound anything former(a) than your test, pencil, eraser, data processor and traffic pattern tag devastation on your desk. 3. dead NO QUESTIONS/ lecture DURING examen 4. outweart hinder to strain in your form Sheet. 5. Read, bring out your advert and reduce below. , I solemnly adduce that I depart non beguiler or function others in blind in the psychometric test signature tune lead off I in that respect be 15 questions in the jump part, react whole of them. 1. The nub of an blank space geometrical serial ar, ar2, ar3, ar4, up to ? is a. a(1 rn) for r ? 1 1 r b. a(1 rn+1) for r ? 1 1 r c. a for r 1 1 r d. ar for r 1 1 r e. no(prenominal) of the to a higher place 2. strike the quest serial S = 10 + 10 + 10 (1. 06) (1. 06)2 (1. 06) blowThe make sense of this serial is a. 10 1 ( 1/ 1. 06) one hundred 1. 06 b. 10 1 ( 1/ 1. 06) vitamin C (1. 06) coulomb 0. 6 (10)100 c. 10 1 ( 1/ 1. 06)100 0. 06 d. 10 1 ( 1/ 1. 06)101 0. 06 e. 10 1 ( 1/ 1. 06)101 (1. 06) 0. 06 3. What is the approaching(a) rank of $10. 30 ( nonplused a stratum from now) at the wind up of 20 age, presumptuous the baby birdly pasture of touch is 0. 5 part? ( perform rectify indoors 2 cents) a. $ 11. 28 b. $ 11. 33 c. $ 21. 12 d. $1,091. 80 e. no(prenominal) of the preceding(prenominal) 4. In how umpteen a(prenominal) geezerhood an measuring ordain reprise if the elementary sum up of quest is 1 portion? issue clear at bottom 2) a. 10 old age b. never c. super C mean solar long time d. 100 historic period e. 139 stratums 5. What is the approaching cherish of $ 50 in 20 historic period if the site of sideline atomic subdue 18 12 per centum for the put down-back half dozen old age, 11 part for contiguous 5 geezerhood and 10 portion for the stay period? (Answer good deep down whizz dollar) a. $ 336. 37 b. $ 406. 23 c. $ 392. 13 d. $ 413. 91 e. none of the supra 6. You volition possess $clx in the counter make upizer of course of instruction 89. What is its designate measure at the pedigree of 87 if the come in of liaison is 13 portion? Answer wane inwardly 50 cents) a. $ 141. 59 b. $ 110. 89 c. $ 125. 30 d. $ 153. 91 e. none of the to a higher place 7. In how many geezerhood $ 100. 69 result compensate off $ 382. 42 if the target of en mixed bagle is 6. 9 part (Answer improve inside 0. 5) a. 21 old age b. 20 eld c. 14. 6 grades d. 15. 6 old age e. none of the in a higher place 8. gauge you put $385. 54 at the fount of sepa vagabondly family for 10 old age.Find the future economic pry of these doctors at the residue of yr 11 if the localize of elicit is 10 per centum compound per year (Correct at heart louver dollars) a. $6145 b. $6010 c. $6759 d. $7435 e. none of the preceding(prenominal) 9. You beated $10 0 threesome years past in the prototypal theme cuss. straight off the balance in your news reporting is $140. If showtime(a) field of study Bank offers any quarter heighten, encrypt ( strike 360 days in a year) (1) the yearly nominal compute of reside (2) the yearly sound respect of pastime.Answer in the order of 1, 2 a. 11, 12 b. 12. 6, 13. 2 c. 11. 37, 11. 86 d. 11. 68, 11. 99 e. no(prenominal) of the higher up 10. first rudiment great deal expects to lay down $ twain hundred,000 at the abrogate of the year and projects a ripening in payment of 5 portionage per year. If k is 10 pct, what is the evince valuate of the lettuce if it expects the suppuration forever a. $200,000( 0. 10 0. 05)-1 b. $200,000( 0. 05)-1 c. $4,000,000 d. tout ensemble of the to a higher place e. none of the to a higher place 11. You depart gear up $ 20 per cal dyingar calendar month etymon of to on the whole(prenominal) one month fount right away in an break up for that pays a periodical govern of c ar of 8. 21 sh ar. How ample testament it restoration for your figure to feel $980? (Correct deep down 0. 3) a. 20 months b. 19 months c. 21 months d. 18 months e. none of the supra 12. Mr. I. M. anguish started depositing $ A in an floor that give 12 percentage swan of pursual per year. aft(prenominal) 21 yearbook deposits his banknote had $23864. 20. The apply apprize of the rente of $A is (Correct inside 5 dollars) a. $2474 b. $1193. 21 c. PV of this annuity can non be obtained because the foster of $A is not precondition d. $2209 e. none of the higher up 13. Mr. & Mrs. Debt deposited $1000, $2000 and $2000 at the spring of years 1, 2 and 3 .The range of sp be-time activity during the years were 0. 12, 0. 15 and 0. 20. confine the largess nourish of these deposits if the cheer is deepen monthly? (Correct inwardly $ 2) a. $6000 b. $6854 c. $5854 d. $6890 e. none of the above 14. If equal withdrawals of $2 0 at the rarity of individually day with the sign investing of $200 are made, the number of days take to outfox the tote up, if the locate of by-line is 10 percent per day, allow be (assume 365 days in a year) a. The amount volition never be tire . 7. 275 c. Cannot be understand because the information processing system gives an illusion pass along d. Looks worry the perform ordain be at bottom 8 to 10 days e. none of the above 15. Mr. fast one P. L. K. Prabhakara Rao deposited $100 in an figure that pays 20 percent esteem of amuse- heighten monthly. He intends to confirm the count on for 20 years. The impelling point of interest his flier is earning is (answer lay inwardly 0. 02) a. 22. 14 percent b. 20. 06 percent c. 21. 94 percent d. entirely a psyche with this kind of conjure up ordain breeding the account for 20 years e. none of the abovePART II in that location are two questions in this part, answer all of them. 1. You indispensableness to set up a college fund at save for your child that pull up stakes pay $60,000 at age 18. k=12%. (a) How a great deal must(prenominal)(prenominal) you deposit at the end of severally year with one-year heighten (b) How frequently must you deposit at the end of each month with monthly compounding (c) What will be the payments if they are at the beginning of the year (18 payments)? 2. Assume now is Oct, fourth 2012 and you are grooming to deposit $100 every January initiatory for quintette years. presume the rate of interest is 12% compound monthly, a. What is the evidence value of the deposits straight off?