WorksheetsFinancial Algebra Practice Midterm
Total questions: 15
Worksheet time: 13mins
Tyler owns 2/12ths of a pizzeria. What percent of the partnership do they own? Round your answer to the nearest hundredth.
16.66
16.67
12
12.2
Four people invested in a restaurant in a ratio of 7:2:5:8. The total amount invested was $5,600,000. How much did the first investor contribute to the business? Round to the nearest penny.
246,658.19
1,781,818.18
3,604,125.78
4,967,845.46
The closing price for XYZ Corp was $34. This represents a change of $-0.2 from the previous day. What was the previous day's closing price?
$33.80
$33.98
$34.20
$34.02
The stock info page for Apple states todays closing price and change as a percent as follows: 127.6(-0.15%). What was the previous day's closing price?
$127.75
$127.79
$127.45
$112.60
Tyler buys 8 shares of a stock at a share price of $5.82 per share. The company then executes a 2-for-3 reverse stock split. Which of the following is FALSE?
The value of the shares before the split is $46.56
The value of the shares after the split is $46.56
The price per share before the split is $8.73
The price per share after the split is $8.73
Determine the equation of the trendline for the data.
(Hint: Use google sheets, write in the form y = mx + b)
(a)
Determine the correlation coefficient R, NOT R², of the trendline for the data.
(Hint: Use google sheets, round R to 3 decimal places)
(a)
What is the difference in equilibrium prices AFTER the demand shift
(a)
Given revenue and expense equations
R(p) = -400p² + 25,000p
E(p) = 2000p + 40,000,
What are the breakeven prices, rounded to the nearest penny?
(a)
Given revenue and expense equations
R(p) = -400p² + 25,000p
E(p) = 2000p + 40,000,
What price maximizes profit?
(a)
Mark deposits $7000 into a savings account that earns 0.5% interest compounded quarterly. What is his balance after 10 years?
(a)
Yeshua wants to buy a $50,000 car in 4 years. How much should he deposit monthly into a savings account that earns 4% compounded monthly? Round UP to the nearest penny
(a)
x→∞lim10x2+2x5x2−2
(a)
How much interest is earned on $250,000 compounded continuously at 3% over 1 year? Round to the nearest penny
(a)
Nahomy has $2000, and wants to save up $5,000 in 5 years. If she invests all $2000 into a savings account that compounds continuously, what will the yearly interest rate need to be in order to reach her goal? Round to the nearest hundredth of a percent.
(a)
