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Worksheets

Understanding Financial Calculators

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

What is the key that is common in all calculators but is not present in the HP 12C calculator?

a)

=

b)

ON

c)

C

d)

OFF

2.

What is the purpose of the HP calculator shown in the image?

a)

To calculate compound interest formulas

b)

To play games

c)

To measure time

d)

To perform basic arithmetic only

3.

What is the 'FV' button used for on the financial calculator?

a)

Valor Presente ou Capital Inicial

b)

Pagamento mensal

c)

Valor futuro

d)

Taxa de juros

4.

What is the initial capital (Valor presente ou capital inicial) mentioned in the example?

a)

R$ 5,000.00

b)

R$ 10,000.00

c)

R$ 15,000.00

d)

R$ 20,000.00

5.

What is the monthly interest rate (Taxa de juros mensal) used in the calculation?

a)

3%

b)

4%

c)

5%

d)

6%

6.

Which of the following is the correct sequence of steps to calculate future value using a financial calculator?

a)

Enter the present value, interest rate, number of periods, and compute future value.

b)

Enter the future value, interest rate, number of periods, and compute present value.

c)

Enter the present value, number of periods, and compute interest rate.

d)

Enter the interest rate, future value, and compute number of periods.

7.

How many initial pieces of information are necessary to input into the calculator to obtain another as a result?

a)

2

b)

3

c)

4

d)

5

8.

What is the value of the financing rate (taxa de financiamento) calculated in the example?

a)

0.31%

b)

3.1%

c)

31%

d)

0.03%

9.

How many months (n) are considered in the calculation example?

a)

6 months

b)

12 months

c)

24 months

d)

18 months

10.

What was the initial loan amount João borrowed?

a)

R$ 5,000.00

b)

R$ 10,000.00

c)

R$ 15,000.00

d)

R$ 20,000.00

11.

What is the monthly payment (PMT) for the cellphone Camila bought?

a)

R$ 500.00

b)

R$ 2,356.73

c)

R$ 5.00

d)

R$ 2,000.00

12.

How much money does Andréa have available per month for the payment?

a)

R$ 3,250.00

b)

R$ 0.95

c)

R$ 295.00

d)

R$ 12.00

13.

What is the interest rate per month for the payment plan?

a)

0.95%

b)

12%

c)

295%

d)

3.25%

14.

Why is it important to clear the memory before starting a calculation?

a)

To avoid errors in the calculation.

b)

To save battery life.

c)

To make the calculator faster.

d)

To change the display color.

15.

What is one way to clear the memory of the HP calculator?

a)

Press the 'f' key followed by the 'CLx' key.

b)

Turn off the calculator.

c)

Press the 'ON' button twice.

d)

Remove the battery.