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Susan purchased 5,500 shares of stock at a price of $9.75 a share. She sold the stock eight years later at a price of $20.95 per share. His capital gain is about 52%.
TRUE or FALSE
Purchase Price = 5500 x 9.75 = 53625 Selling Price = 5500 x 20.95 = 115225Capital Gain = 115225 - 53625 = 61600Capital Gain % = 61600 ÷ 53625 x 100 = 114%
FALSE
Interest compounded quarterly is compounded two times a year.
TRUE or FALSE
FALSE
quarterly, n = 4
TRUE or FALSE
Mrs. Dyer deposited $2,500 into an account that pays 3.5% interest, compounded daily. At the end of nine months, she has earned $66.49 in interest.
= 2566.49 Balance =
Interest = 2566.49 - 2500 = 66.49TRUE
TRUE or FALSE
Harold borrowed $22,000 for a car for 6 years at an APR of 6.50%. Her monthly payment will be $369.82.
TRUE
TRUE or FALSE
The total interest on a 3-year 4.25% loan with a principal of $8,000 is 8,000 0.0425 3 = $1020.
Need to get Monthly Payment First!
Monthly Payment = $260.83
Total Amount = $260.83 x 36 = $9,389.84 Interest = 9,389.84 – 8,000 = $1,389.84
Multiple Choice
b
Previous Day's Close = 36.97 - .51 = 36.46
% Change = .51 ÷ 36.46 x 100 = 1.39%
Multiple Choice
1000 x 0.0425 x 20 = 850a.
Multiple Choice
A negative number indicates negative, and a number close to 0 indicates weak.
B.
Multiple Choice
a.
Multiple Choice
t = 40 -20 = 20
b.
Multiple Choice
c.
Multiple Choice
7.5(90) – 371 = 354d.
Multiple Choice
2312.34 – 2567.45 – 50 = -$305.11c.
Multiple Choice
c.23 x 125 = 2,8753500 - 2875 = $625
Multiple Choice
Total Deposits: 315.36 + 70 + 387.54 = 772.90Total Withdrawals: 37.50 + 108.25 + 50 = 195.75
Statement Balance: 1833.96+ Total Deposits + 772.90- Total Withdrawals - 195.75Revised Statement Balance = 2411.11- Register Balance - 2350.34 60.77
c.
(31.85+32.62+31.10+29.04) ÷ 4 = 31.15
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