Susan purchased 5,500 shares of stock at a price of $9.75 a share. She sold the stock eight years later at a price of $20.95 per share. His capital gain is about 52%.

TRUE or FALSE

Purchase Price = 5500 x 9.75 = 53625 Selling Price = 5500 x 20.95 = 115225Capital Gain = 115225 - 53625 = 61600Capital Gain % = 61600 ÷ 53625 x 100 = 114%

FALSE

Interest compounded quarterly is compounded two times a year.

TRUE or FALSE

FALSE

quarterly, n = 4

TRUE or FALSE

Mrs. Dyer deposited $2,500 into an account that pays 3.5% interest, compounded daily. At the end of nine months, she has earned $66.49 in interest.

= 2566.49 Balance =

Interest = 2566.49 - 2500 = 66.49TRUE

TRUE or FALSE

Harold borrowed $22,000 for a car for 6 years at an APR of 6.50%. Her monthly payment will be $369.82.

TRUE

TRUE or FALSE

The total interest on a 3-year 4.25% loan with a principal of $8,000 is 8,000 0.0425 3 = $1020.

Need to get Monthly Payment First!

Monthly Payment = $260.83

Total Amount = $260.83 x 36 = $9,389.84 Interest = 9,389.84 – 8,000 = $1,389.84

Multiple Choice

b

Previous Day's Close = 36.97 - .51 = 36.46

% Change = .51 ÷ 36.46 x 100 = 1.39%

Multiple Choice

1000 x 0.0425 x 20 = 850a.

Multiple Choice

A negative number indicates negative, and a number close to 0 indicates weak.

B.

Multiple Choice

a.

Multiple Choice

t = 40 -20 = 20

b.

Multiple Choice

c.

Multiple Choice

7.5(90) – 371 = 354d.

Multiple Choice

2312.34 – 2567.45 – 50 = -$305.11c.

Multiple Choice

c.23 x 125 = 2,8753500 - 2875 = $625

Multiple Choice

Total Deposits: 315.36 + 70 + 387.54 = 772.90Total Withdrawals: 37.50 + 108.25 + 50 = 195.75

Statement Balance: 1833.96+ Total Deposits + 772.90- Total Withdrawals - 195.75Revised Statement Balance = 2411.11- Register Balance - 2350.34 60.77

c.

(31.85+32.62+31.10+29.04) ÷ 4 = 31.15