Exercises and solutions
BM 6
Maturity Value: Calculate de missing value???
1. Calculate the missing value.
Principal P $3,000.00
Rate r 6.0%
Time t 7 months
Maturity S ???
Answer = $3104.4
2. Calculate the missing value.
Principal P ???
Rate r 7.75%
Time t 1 year
$ 3,879
Maturity ($) S
.00
Answer = $3600
3. Calculate the missing value.
Principal P $750.00
Rate r 4.0%
Time t ? ? ? in weeks
Maturity S $757.50
Answer = 13 weeks
4. Calculate the missing value.
Principal P $7,500.00
Rate r 10.5%
Time t 8 months
Maturity S ???
Answer = $8025
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5. Calculate the missing value.
Principal P $1,800.00
Rate r 3.0%
Time t ? ? ? in weeks
Maturity S $1,840.50
Answer = 39 weeks
6. Calculate the missing value.
Principal P ???
Rate r 7.0%
Time t 7 months
Maturity ($) S $ 7,494 .00
Answer = $7201.61
7. Calculate the missing value.
Principal P $15,000.00
Rate r 4.25%
Time t 7 months
Maturity S ???
Answer = $15369.75
8. Calculate the missing value.
Principal P $8,212.50
Rate r ???
Time t 100 days
Maturity S $8,437.50
Answer = 9.89%
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9. Calculate the missing value.
Principal P ???
Rate r 2.1%
Time t 30 days
Maturity S $10,968.90
Answer = $10950.28
10. Calculate the missing value.
Principal P ???
Rate r 2.1%
Time t 4 month
Maturity S $ 11,026.65
Answer = $10951.08
11. Calculate the missing value.
Principal P ???
Rate r 7.2%
Time t 10 weeks
Maturity S $ 10,675.80
Answer = $10530.47
12. Calculate the missing value.
Principal P $3,000.00
Rate r 3.5%
Time t 5 months
Maturity S ???
Answer = $3043.5
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13. Calculate the missing value.
Principal P $2,737.50
Rate r 8.2%
Time t ? ? ? in days
Maturity S $2,851.89
Answer = 182 days
14. Calculate the missing value.
Principal P $19,350
Rate r 3.6%
Time t 5 months
Maturity S ???
Answer = $19638.31
15. Calculate the missing value.
Principal P $9,000.00
Rate r 7.8%
Time t ? ? ? in weeks
Maturity S $9,243.00
Answer = 18 weeks
16. Calculate the missing value.
Principal P $16,500.00
Rate r ???
Time t 100 days
Maturity S $17,160.00
Answer = 14.81%
Answers the questions for the following problems.
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How much capital did you deposit, 27 weeks ago at 2.6% interest, to collect $9,729.60
17.
(maturity) today?
Answer = $9604.73
For how many months do you have to keep $4,500.00 in a term deposit at 1.0% interest
18.
to collect, at maturity, $4,518.75
Answer = 5 months
19. What is the interest rate if you collect $6,527.00 after 4 months on a $6,420 deposit.
Answer = 4.80%
On May 1 you have deposit $5,850. How much money, including capital and interest,
20.
will you collect on June 10? The interest is 1.825%.
Answer = $5861.69
You collect $4,224.00 on a term deposit after 32 weeks. How much money did you
21.
deposit? The interest was 3.9%.
Answer = $4129.03
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You have barrow $4,950 at an interest of 4.0%. How much capital and interest is due
22.
after 3 months.
Answer = $4999.5
How much money did you borrow if you have to reimburse $6,952.50 after 24 weeks at
23.
the interest of 6.5%?
Answer = $6756.55
What was the interest rate if you collect $8,808.75 on a deposit of $8,700 after 4
24.
months?
Answer = 3.75%
How many days does it take to collect $7,087.50 of capital and interest on a deposit of
25.
$6,750 if the interest rate is 9.125%?
Answer = 197 days
How much capital and interest will you collect, if you lend $12,000 at 6.15% for 1
26.
month?
Answer = $12061.2
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