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Worksheets

Pre-Finals Bus.FIin

Total questions: 28

Worksheet time: 55mins

Name
Class
Date
1.

Marie wants to start-up her own Milk Tea Shop, She decided to take a bank loan for ABC Bank for

Php. 500,000.00 with an annual interest rate of 5.5% with in 5 Years.

Q: How much is the Principal?

a)

Php. 137,500

b)

Php. 27,500

c)

Php. 500,000

d)

Php. 2,500,000

2.

Marie wants to start-up her own Milk Tea Shop, She decided to take a bank loan for ABC Bank for

Php. 500,000.00 with an annual interest rate of 5.5% with in 5 Years.

Q: How much is the quarterly rate?

a)

5.5%

b)

1.375%

c)

22%

d)

1.1%

3.

Marie wants to start-up her own Milk Tea Shop, She decided to take a bank loan for ABC Bank for

Php. 500,000.00 with an annual interest rate of 5.5% with in 5 Years.

Q: What is the term agree on

a)

Php. 500,000

b)

5.5%

c)

5 Years

d)

Bank Loan

4.

Marie wants to start-up her own Milk Tea Shop, She decided to take a bank loan for ABC Bank for

Php. 500,000.00 with an annual interest rate of 5.5% with in 5 Years.

Q: Compute for Total amount that Marie needs to pay for 5 years

a)

Php. 537,277.5

b)

Php. 275,917.50

c)

Php. 572,917.5

d)

Php.353,677.5

5.

Marie wants to start-up her own Milk Tea Shop, She decided to take a bank loan for ABC Bank for

Php. 500,000.00 with an annual interest rate of 5.5% with in 5 Years.

Q: Compute for Total Interest that Marie needs to pay to ABC Bank

a)

Php. 72,917.50

b)

Php. 37,277.50

c)

Php. 75,917.50

d)

Php.53,677.50

6.

Marie wants to start-up her own Milk Tea Shop, She decided to take a bank loan for ABC Bank for

Php. 500,000.00 with an annual interest rate of 5.5% with in 5 Years.

Q: How much is Marie Monthly due to ABC Bank?

a)

Php. 4,598.625

b)

Php. 5,894.625

c)

Php. 8,954.625

d)

Php. 9,548.625

7.

Marie wants to start-up her own Milk Tea Shop, She decided to take a bank loan for ABC Bank for

Php. 500,000.00 with an annual interest rate of 5.5% with in 5 Years.

Q: Compute for monthly interest?

a)

Php. 1,239.91

b)

Php. 1,521.39

c)

Php. 2,115.91

d)

Php. 1,215.29

8.

Rey wants to expand her RTW Business, He needs an additional capital of Php. 1,000,000.00. However, He only raised Php. 300,000 from his savings and decides that the rest will undergo a Bank loan for 3.5 years with a monthly interest of 1%.

Q: How much is the principal loan?

a)

Php. 1,000,000

b)

Php. 300,000

c)

Php. 700,000

d)

Php. 3,500,000

9.

Rey wants to expand her RTW Business, He needs an additional capital of Php. 1,000,000.00. However, He only raised Php. 300,000 from his savings and decides that the rest will undergo a Bank loan for 3.5 years with a monthly interest of 1%.

Q: How much is Rey Monthly Payment to the Bank?

a)

Php. 20,493.03

b)

Php. 9,607.545

c)

Php. 12,296.49

d)

Php. Php. 4,426.73

10.

Rey wants to expand her RTW Business, He needs an additional capital of Php. 1,000,000.00. However, He only raised Php. 300,000 from his savings and decides that the rest will undergo a Bank loan for 3.5 years with a monthly interest of 1%.

Q: Compute for total amount he will pay for a year

a)

Php. 203,290.48

b)

Php. 115,290.54

c)

Php. 147,557.88

d)

Php. 245,916.036

11.

Rey wants to expand her RTW Business, He needs an additional capital of Php. 1,000,000.00. However, He only raised Php. 300,000 from his savings and decides that the rest will undergo a Bank loan for 3.5 years with a monthly interest of 1%.

Q: Compute for total interest rate must paid for the duration the loan?

a)

Php. 860,706.126

b)

Php. 160,706.126

c)

Php. 147,557.88

d)

Php. 1,153,120.85

12.

Rey wants to expand her RTW Business, He needs an additional capital of Php. 1,000,000.00. However, He only raised Php. 300,000 from his savings and decides that the rest will undergo a Bank loan for 3.5 years with a monthly interest of 1%.

Q: Compute for total amount must paid for the duration the loan?

a)

Php. 860,706.126

b)

Php. 160,706.126

c)

Php. 447,557.88

d)

Php. 1,153,120.85

13.

Rey wants to expand her RTW Business, He needs an additional capital of Php. 1,000,000.00. However, He only raised Php. 300,000 from his savings and decides that the rest will undergo a Bank loan for 3.5 years with a monthly interest of 1%.

Q: How much is the annual rate

a)

1 %

b)

12 %

c)

0.12%

d)

0.01%

14.

Rey wants to expand her RTW Business, He needs an additional capital of Php. 1,000,000.00. However, He only raised Php. 300,000 from his savings and decides that the rest will undergo a Bank loan for 3.5 years with a monthly interest of 1%.

Q: What is N?

a)

60 months

b)

42 months

c)

24 months

d)

12 months

15.

Rey wants to expand her RTW Business, He needs an additional capital of Php. 1,000,000.00. However, He only raised Php. 300,000 from his savings and decides that the rest will undergo a Bank loan for 3.5 years with a monthly interest of 1%.

Q: What is T?

a)

12 months

b)

3.5 years

c)

1%

d)

Php. 1,000,000

16.

The government offers a bond with face value of Php. 10,500 with a maturity of 5.5 years and a coupon rate of 8% per year.

Q: What is the current price of the bond?

a)

Php. 840

b)

Php.57,750

c)

Php. 10,500

d)

Php. 4,620

17.

The government offers a bond with face value of Php. 10,500 with a maturity of 5.5 years and a coupon rate of 8% per year.

Q: What is the interest rate?

a)

8 %

b)

.66 %

c)

44 %

d)

.08 %

18.

The government offers a bond with face value of Php. 10,500 with a maturity of 5.5 years and a coupon rate of 8% per year.

Q: What is time frame?

a)

12 months

b)

66 months

c)

8 months

d)

5.5 months

19.

The government offers a bond with face value of Php. 10,500 with a maturity of 5.5 years and a coupon rate of 8% per year.

Q: Compute for Coupon Rate

a)

Php. 840

b)

Php. 8,400

c)

Php. 84

d)

Php. 8.40

20.

The government offers a bond with face value of Php. 10,500 with a maturity of 5.5 years and a coupon rate of 8% per year.

Q: Compute for Total Coupon Rate?

a)

Php. 462,000

b)

Php. 46,200

c)

Php. 462

d)

Php. 4,620

21.

The government offers a bond with face value of Php. 10,500 with a maturity of 5.5 years and a coupon rate of 8% per year.

Q: Compute for total amount paid for the bond

a)

Php. 151.20

b)

Php. 151,200

c)

Php. 15,120

d)

Php. 1,512

22.

Bonds is an example of Debt?

a)

True

b)

False

23.

A bond is like I owe you (IOU).

a)

False

b)

True

24.

Bonds can be withdraw anytime?

a)

True

b)

False

25.

Banks are the only financial institution you can get loan with?

a)

True

b)

False

26.

You can pay loan on tis maturity date only,

a)

False

b)

True

27.

Bonds can categorized short term only.

a)

True

b)

False

28.

Loan can be categorized both short term and long term

a)

True

b)

False