Questions 1:
1. Compute the interest on a 69-month simple interest loan whose maturity value is $6427 and whose annual simple interest rate is 6%

2. How many years would it take for the debt of a loan to grow by 128% if the loan's annual simple interest rate is 5.8%?

3. Compute the discount on a 28-week simple discount loan whose proceeds are $1218 and whose annual simple discount rate is 70%.

4. What annual simple discount rate is required for the debt of a loan to grow by 27.6% if the loan's term is 216 days?

5. After how many months will an annual simple discount rate of 9.0% be equivalent to an annual simple interest rate of 12.2%?

6. Consider the following credit card activity for the month of April:

Date Balance Number of Days
April 1 $55 5
April 6 $161 9
April 15 $283 7
April 22 $393 7
April 29 $451 2

If the total amount owed (including interest) for April was $454, what is this credit card's APR?

7. Consider the following credit card activity for the month of May:

Date Balance Number of Days
May 1 $194.36 8
May 9 $227.65 5
May 14 ???? 12
May 26 $484.22 2
May 28 $520.06 4

If this credit card's APR is 17.21% and the total amount owed (including interest) for May was $526.67, what was the balance during the 12-day period from May 14 to May 26?

8. When the current yield of a certain 10-year corporate bond is 5.8%, the market price is $10940. If interest payments are made semi-annually, how much total interest will be made on this bond during the term.

9. The market price of a bond increases by 23%. Before the increase, the bond's current yield was 3.2%. What is the current yield after the increase?

10. Suppose that a bank's annual compound interest rate is 2.3% with daily compounding. How much must be invested today in order to have $8751 in 690 days?

11. What annual compound interest rate with monthly compounding is required for a $9524 deposit to grow into $15793 in 134 months?

12. How many days will it take for a deposit to grow by 7% if the account has a nominal rate of 4.1% with weekly compounding?

13. What is the equivalent annual rate of a 8.1% nominal rate with hourly compounding?

14. What annual continuous compound interest rate is required to grow an account by 22% in 8 years?

15. 5 years ago, you purchased a certain number of shares of stock at $18.04 per share. During those 5 years, there was a 2:1 split and an 5:1 split. If you sell your shares today, your rate of return will be 12.6%. What is the price per share today?

16. The market price per share of a certain stock is $8. During the previous fiscal quarter, the company had a total profit of $574206 and decided to distribute 58% of this profit in the form of dividends. If there are a total of 1139969 shares, what was the dividend yield for this quarter?

17. The Net Asset Value of a certain mutual fund is $26.32 per share. If you have $5716 to invest and this fund charges a 4% load, how many shares can you afford to buy?

18. The rates of return over a 5-year term for a certain mutual fund were 4.4%, 0.2%, 8.5%, 2.3%, and 3.1%. What was the overall rate of return during this term?

19. Suppose you want to retire with the same buying power that $808846 has today. To meet this goal, you plan to use a retirement account whose annual compound interest rate is 2.2% with weekly compounding.
If you plan to retire in 30 years and the anticipated annual rate of inflation is 2.1%, how much should you deposit into this account today?

20. If estimates show that it will take 9.8 years for the buying power of a certain amount of money to decrease by 12%, what is the anticipated annual rate of inflation?

Questions 2:
1. Compute the interest on a 63-month simple interest loan whose maturity value is $3748 and whose annual simple interest rate is 3%

2. How many years would it take for the debt of a loan to grow by 115% if the loan's annual simple interest rate is 7.7%?

3. Compute the discount on a 63-week simple discount loan whose proceeds are $1160 and whose annual simple discount rate is 54%.

4. What annual simple discount rate is required for the debt of a loan to grow by 32.7% if the loan's term is 312 days?

5. After how many months will an annual simple discount rate of 10.2% be equivalent to an annual simple interest rate of 13.3%?

6. Consider the following credit card activity for the month of April:
Date Balance Number of Days
April 1 $76 5
April 6 $185 9
April 15 $292 7
April 22 $373 7
April 29 $451 2
If the total amount owed (including interest) for April was $453, what is this credit card's APR?

7. Consider the following credit card activity for the month of May:
Date Balance Number of Days
May 1 $195.57 8
May 9 $221.34 5
May 14 ???? 12
May 26 $460.11 2
May 28 $520.93 4
If this credit card's APR is 21.69% and the total amount owed (including interest) for May was $526.26, what was the balance during the 12-day period from May 14 to May 26?

8. When the current yield of a certain 10-year corporate bond is 6.0%, the market price is $10114. If interest payments are made semi-annually, how much total interest will be made on this bond during the term.

9. The market price of a bond increases by 26%. Before the increase, the bond's current yield was 7.7%. What is the current yield after the increase?

10. Suppose that a bank's annual compound interest rate is 4.9% with daily compounding. How much must be invested today in order to have $9702 in 726 days?

11. What annual compound interest rate with monthly compounding is required for a $8928 deposit to grow into $15591 in 224 months?

12. How many days will it take for a deposit to grow by 7% if the account has a nominal rate of 4.6% with weekly compounding?

13. What is the equivalent annual rate of a 7.0% nominal rate with hourly compounding?

14. What annual continuous compound interest rate is required to grow an account by 21% in 8 years?

15. 5 years ago, you purchased a certain number of shares of stock at $17.05 per share. During those 5 years, there was a 2:1 split and an 4:1 split. If you sell your shares today, your rate of return will be 15.9%. What is the price per share today?

16. The market price per share of a certain stock is $10. During the previous fiscal quarter, the company had a total profit of $558191 and decided to distribute 52% of this profit in the form of dividends.
If there are a total of 1717251 shares, what was the dividend yield for this quarter?

17. The Net Asset Value of a certain mutual fund is $17.80 per share. If you have $5886 to invest and this fund charges a 8% load, how many shares can you afford to buy?

18. The rates of return over a 5-year term for a certain mutual fund were 3.4%, 4.5%, 7.9%, 7.1%, and 2.8%. What was the overall rate of return during this term?

19. Suppose you want to retire with the same buying power that $860540 has today. To meet this goal, you plan to use a retirement account whose annual compound interest rate is 2.8% with weekly compounding.
If you plan to retire in 32 years and the anticipated annual rate of inflation is 3.0%, how much should you deposit into this account today?

20. If estimates show that it will take 8.8 years for the buying power of a certain amount of money to decrease by 23%, what is the anticipated annual rate of inflation?

Questions 1: 1. Compute the interest on a 69-month simple interest...