document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=232743>Question 232743</A>: <I><SPAN STYLE=\"word-break: break-all;\"> I am currently without a book and some of these are still questionable to me. Anyone disagree? I makred my answers with the x. I have seen a similar test but nothing was solved that I found\r<BR>\n" );
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document.write( "1. The terms of a loan indicate how often interest is compounded. (Points: 2)<BR>\n" );
document.write( "       xTrue<BR>\n" );
document.write( "       False\r<BR>\n" );
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document.write( "2. A compound interest table shows the compounded amount per dollar of principal. (Points: 2)<BR>\n" );
document.write( "       True<BR>\n" );
document.write( "       xFalse\r<BR>\n" );
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document.write( "3. To compound daily means to compound 360 times a year. (Points: 2)<BR>\n" );
document.write( "       True<BR>\n" );
document.write( "       xFalse\r<BR>\n" );
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document.write( "4. The number of compounding periods for $6,600.00 at 12% compounded quarterly for 15 years is 30 periods. (Points: 2)<BR>\n" );
document.write( "       True<BR>\n" );
document.write( "       xFalse\r<BR>\n" );
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document.write( "5. The effective rate of a transaction can be calculated by dividing the interest for one year by the principal. (Points: 2)<BR>\n" );
document.write( "       xTrue<BR>\n" );
document.write( "       False\r<BR>\n" );
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document.write( "6. The term \"nominal rate\" means the same as \"true rate.\" (Points: 2)<BR>\n" );
document.write( "       True<BR>\n" );
document.write( "       xFalse\r<BR>\n" );
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document.write( "7. The interest on $4,200.00 at 8% compounded semiannually for 10 years is $6,292.40. (Points: 2)<BR>\n" );
document.write( "       True<BR>\n" );
document.write( "       xFalse\r<BR>\n" );
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document.write( "8. The effective rate is: (Points: 2)<BR>\n" );
document.write( "       the stated rate<BR>\n" );
document.write( "       the nominal rate<BR>\n" );
document.write( "       the true semiannual rate<BR>\n" );
document.write( "       the true annual rate<BR>\n" );
document.write( "      x none of the above\r<BR>\n" );
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document.write( "9. $15,000.00 for 10 years compounded at 10% quarterly results in how many periods? (Points: 2)<BR>\n" );
document.write( "       120<BR>\n" );
document.write( "       20<BR>\n" );
document.write( "       10<BR>\n" );
document.write( "       x40<BR>\n" );
document.write( "       none of the above\r<BR>\n" );
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document.write( "10. In a loan of 8% compounded quarterly, what is the periodic interest (Points: 2)<BR>\n" );
document.write( "      x 2.5%<BR>\n" );
document.write( "       6%<BR>\n" );
document.write( "       2%<BR>\n" );
document.write( "       4%\r<BR>\n" );
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document.write( "11. $25,000.00 for 15 years compounded at 10% quarterly results in a periodic interest rate of: (Points: 2)<BR>\n" );
document.write( "       10%<BR>\n" );
document.write( "       x7%<BR>\n" );
document.write( "       5%<BR>\n" );
document.write( "       2.5%<BR>\n" );
document.write( "       none of the above\r<BR>\n" );
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document.write( "12. The effective rate is: (Points: 2)<BR>\n" );
document.write( "       xthe interest for one year divided by the principal<BR>\n" );
document.write( "       the interest for one year divided by the principal for three years<BR>\n" );
document.write( "       the interest for one year divided by the annual rate<BR>\n" );
document.write( "       never related to the compound table<BR>\n" );
document.write( "       none of the above\r<BR>\n" );
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document.write( "13. Josh is having difficulty deciding whether to put his savings in the Mercantile Bank or the Boatmen's Bank. Mercantile offers a 10% rate compounded quarterly while Boatmen's offers 12% compounded semiannually. Josh has $40,000.00 to invest and expects to withdraw the money at the end of 5 years. (Use Table 10-1 from the textbook.) The best deal is: (Points: 2)<BR>\n" );
document.write( "       xMercantile Bank<BR>\n" );
document.write( "       Mercantile Bank for the last two years<BR>\n" );
document.write( "       Boatmen's Bank for the first two years<BR>\n" );
document.write( "       Boatmen's Bank<BR>\n" );
document.write( "       none of the above\r<BR>\n" );
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document.write( "14. Don deposited $27,500.00 in Trader's Bank at an interest rate of 12% compounded quarterly. (Use Table 10-1 from the textbook.) The effective rate was: (Points: 2)<BR>\n" );
document.write( "       12.55%<BR>\n" );
document.write( "       12%<BR>\n" );
document.write( "       x13%<BR>\n" );
document.write( "       14.0%<BR>\n" );
document.write( "       none of the above\r<BR>\n" );
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document.write( "15. Lisa wants to attend the University of Colorado. She will need to have $80,000.00 five years from today. Lisa is wondering what she will have to put in the bank today so she will have $80,000.00 in five years. Her bank pays 10% compounded quarterly. By using Table 10-3 in the textbook, the amount Lisa will need to deposit is: (Points: 2)<BR>\n" );
document.write( "       $48,281.68<BR>\n" );
document.write( "       $49,113.60<BR>\n" );
document.write( "       $48,821.60<BR>\n" );
document.write( "       x$49,113.06<BR>\n" );
document.write( "       none of the above </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #171913 by </B><A HREF=/tutors/aboutme.mpl?userid=solver91311><B>solver91311(24713)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=solver91311><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=solver91311><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=171913\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <font face=\"Garamond\" size=\"+2\">\r<BR>\n" );
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document.write( "Nope.  Not going to do your entire homework assignment (or test) for you.  \r<BR>\n" );
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document.write( "John<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\LARGE e^{i\pi} + 1 = 0\"><BR>\n" );
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