Chapter 12 Investments Review

Ray Vaughn invests $1,500 in a 1-year certificate of deposit that earns interest at an annual rate of 7% compounded monthly. The amount per $1.00 is 1.072290. How much interest will he earn at the end of one year?

• $60.00
• $105.00
• $108.44
• $1,608.44

Jacquelyn French deposits $12,000 in a 4-year CD that earns interest at an annual rate of 3.25% compounded daily. Find the amount of the CD in 4-years.

• $13,665.86
• $13,663.54
• $13,529.89
• $13.393.66

Tina Ahern invested $2,000 in a certificate of deposit for 3 years. The certificate earns interest at an annual rate of 7.5% compounded quarterly. What is the effective annual yield to the nearest thousandth of a percent?

• 0.0079%
• 0.798%
• 7.713%
• 8.098%

Khira Rable invests $3,000 in a certificate of deposit for 2 years. The certificate earns interest at an annual rate of 2.5% compounded quarterly. What is the annual percentage yield to the nearest thousandth of a percent?

• 0.025%
• 2.5%
• 2.523%
• 2.712%

Mary Beth Healy purchased 50 shares of stock at $23.50 per share. Her Internet online broker charged her a $14.95 commission. What is the total amount that she paid for the stock?

• $427.50
• $747.50
• $1175.00
• $1189.95

Tags

CCSS.7.EE.B.3

Dante Flores bought 1,200 shares of Metro Health Care REIT at $84.36 per share. The broker's commission was $14.95 for fewer than 1,000 shares or $0.015 per share for 1,000 or more. What was the total Dante paid?

• $101,232.00
• $101,246.95
• $101,249.95
• $101,250.00

Tags

CCSS.7.EE.B.3

Aisha Knox paid a total of $1,500 for 75 shares of stock. He sold the stock for $22.50 a share and paid a sales commission of $49.00. What is the profit or loss from the sale?

• $138.50 loss
• $138.50 profit
• $236.50 loss
• $236.50 profit

Tags

CCSS.7.EE.B.3

Kylee and Mikel Peterson paid a total of $1,930.95 for 80 shares of TRE stock. They sold the stock for $28.95 per share and paid a sales commission of $39.95. What is the profit or loss from the sale?

• $345.10 loss
• $345.10 profit
• $425.00 loss
• $425.00 profit

Tags

CCSS.7.EE.B.3

Geoffrey Richards bought 100 shares of stock at $32 per share. The company paid annual dividends of $0.74 per share. What is the annual yield to the nearest hundredth of a percent?

• 2.31%
• 3.20%
• 4.32%
• 7.40%

Elena Winston invested $30,000 in the Jennison Dryden Utility Mutual Fund. The net asset value is $16.18 per share. The fund is front loaded with a loading rate of 4.25%. How many shares did Elena buy?

• 1,854 shares
• 1,775 shares
• 1,240 shares
• 79 shares

Tags

CCSS.7.RP.A.3