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TVM Solver IB math

Authored by Tanya Dewland

Mathematics

12th Grade

CCSS covered

Used 25+ times

TVM Solver IB math
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13 questions

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1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

How much does Halena need to deposit into an account to collect $50 000 at the end of 3 years if the account is paying 5.2 % p.a. compounded quarterly?

50000

41520

-42821

42821

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Calculate the compound interest earned on an investment of 13,000 for 4 years if the interest rate is 7% compounded quarterly.

not sure

-13000

17159.08

4159.08

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

For how long must Magnus invest 4000 at 6.45% compounded half-yearly for it to amount to 10,000?

14.5 years

29 years

14 years

10 years

Tags

CCSS.HSF.LE.A.4

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Your parents give you $8000 to buy a car, but the car you want costs $9200. You deposit $8000 into an account that pays 6% compounded monthly. How long will it be before you have enough money to buy the car you want?

2 years and 5 months

25 months

20 years

too long

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Iman deposits $5000 in an account that compounds interest monthly. 2.5 years later the account totals $6000. What annual rate of interest was paid?

7.31%

7.32%

4.5%

3.9%

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A vending machine bought for $15,000 is sold 3 years later for $9540. Calculate its annual rate of depreciation.

12.6%

-12.6%

14.0%

-14.0%

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Find the future value of a truck which is purchased for $135 000 and depreciates at 15% p.a. for 5 years.

-271533.22

271533.22

49 900.32

59 900.32

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