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Math Reasoning - Unit 6 Review Flashcards | StudBud
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Math Reasoning - Unit 6 Review
Math Reasoning - Unit 6 Review
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Answers
1
Equation
y
= 23.67
x
+ 13.12 fits the scatterplot of stock ABC over this month. How much will ABC be worth at x=28 days?
$675.88
$13.12
$698.74
$23.67
2
Bonds are a type of savings account that offers higher interest rates and money must stay deposited for a certain time.
True
False
3
Nathan invests $900,000 in a period annuity that earns 4.8% APR compounded monthly for 20 yrs. What is he paid per month
$5840.62
5694.28
5769.34
$4800
4
Owen's net worth is $13,600.
True
False
5
I bought 20 shares of stock at $10.51, then 20more shares later at $8.93. My broker charges $25/transaction. Total cost?
$210.20
$438.80
$178.60
$388.30
6
Dollar-cost averaging is when mutual funds/stocks are purchased in fixed $ amounts over time (regardless of market)
False
True
7
Brad bought a $4000 bond with a 3.5% coupon that matures in 15 years. Brad's total
annual
earnings will be $140
True
False
8
Suppose you invest $50 a month in an annuity that earns 4% APR monthly. How much money will you have in 3 years?
$1419.20
$1909.08
$3600.16
$1800.00
9
Answer the question provided.
Annuity
CD ladder
Bond
Money Market Account
10
On Monday, stock AB opened at $7.94. On Friday, it closed at $10.14. What is the rate of change for that stock this week
16.78%
27.71%
12.56%
10.34%
11
Jo has a $1500 bond with a 4% coupon. Jo purchased this bond for $1600. What is the yield of this new bond?
4.05%
3.75%
4.10%
3.95%
12
"CD ladder" is the name of a loan that is issued in return for the promise of being paid back the full amt + interest
True
False
13
A company offers an annuity with 2.5% APR for 4 years. If you invest $500/year, it's a recurring-payment fixed annuity
False
True
14
What is the name of the computer system that provides price quotations for stocks traded on the stock market?
NYSE
Dow Jones
Nasdaq
FDIC
15
Victoria has $700 in her checking, $9000 in savings, $16,000 in retirement, & a $6000 car. Value of her liquid assets?
$15,700
$31,700
$9700
$16,000
16
Jimmy invests $150 each month for 6 months into an account that pays 7.5% APR compounded monthly. Future value in 6 mo?
$914.18
$984.98
$876.23
$1086.60
17
Stephanie bought a CD for $500 that earns 4.5% compounded quarterly. It matures in 3 years. How much will it be worth?
$565.78
$582.12
$602.31
$571.84
18
A stock describes a portion or share of ownership in a corporation.
False
True
19
"Regression" is the word used to describe the relationship between two quantities that vary together over time.
True
False