
TVM Solver IB math
Authored by Tanya Dewland
Mathematics
12th Grade
CCSS covered
Used 25+ times

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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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