Part 1 of 25 – Unit 3 Q1 
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Question 1 of 25

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// A dress was reduced from $75 to $50. Find the percent of the reduction in price.
//


Part 2 of 25 – Unit 3 Q2 
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Question 2 of 25

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// The average teachers’ and superintendents’ salaries for a school district was $51,237. Ten years later, the new average was $68,475. Find the percent increase to the nearest tenth of a percent.
A.16.8% 

B.6.7% 

C.3.4% 

D.33.6% 

//


Part 3 of 25 – Unit 3 Q3 
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Question 3 of 25

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// Find the missing value: Principal $15,400; Rate: 10%; Time: ____; Simple Interest: $6,160
A.3.5 years 

B.4.5 years 

C.5 years 

D.4 years 

//


Part 4 of 25 – *Unit 3 Q4 
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Question 4 of 25

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// Find the missing value: Principal $24,300; Rate: _____; Time 8 years; Simple Interest: $19,400
A.10% 

B.10.5% 

C.9.5% 

D.9% 

//


Part 5 of 25 – Unit 3 Q5 
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Question 5 of 25

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// Find the future value of the loan. P = $4,600, r = 9%, t = 5 years
A.$6,369.90 

B.$7,077.67 

C.$6,670.00 

D.$6,003.00 

//


Part 6 of 25 – Unit 3 Q6 
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Question 6 of 25

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// Dr. Phillips borrowed some money to buy new furniture for her office. She paid $72.00 simple interest on a 6year loan at 2%. Find the principal.
A.$500 

B.$700 

C.$750 

D.$600 

//


Part 7 of 25 – Unit 3 Q7 
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Question 7 of 25

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// Find the compound interest: Principal $600; Rate 10%; Compounded Annually; Time 8 years.
A.$689.29 

B.$684.00 

C.$676.04 

D.$686.15 

//


Part 8 of 25 – Unit 5 Q8 
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Question 8 of 25

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// Find the future value of an annuity if you invest $1,150 semiannually for 3.5 years at 15.5% compounded semiannually.
A.$10,183.01 

B.$10,233.51 

C.$10,283.13 

D.$10,162.76 

//


Part 9 of 25 – Unit 3 Q9 
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Question 9 of 25

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// In order to help pay for college, the grandparents of a child invest $2,350 in a bond that pays 8% interest compounded quarterly. How much money will there be in 5 years?
A.$3,592.10 

B.$3,491.98 

C.$3,542.48 

D.$3,471.73 

//


Part 10 of 25 – Unit 5 Q10 
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Question 10 of 25

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// As part of his retirement planning, Mr. Jones purchases an annuity that pays 9.5% compounded annually. If the yearly payment is $6,500, how much will Mr. Jones have saved in 6 years?
A.$49,622.69 

B.$49,522.57 

C.$49,502.32 

D.$49,573.07 

//


Part 11 of 25 – Unit 3 Q12 
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Question 11 of 25

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// Joan purchased a refrigerator for $600. She made a down payment of $80 and paid $61 a month for 9 months. Find the total installment price of the refrigerator.
A.$629.00 

B.$638.00 

C.$647.00 

D.$585.00 

//


Part 12 of 25 – Unit 3 Q13 
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Question 12 of 25

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// Stephen purchased a diamond engagement ring for $3,000. His down payment was $1200, and he made 24 monthly payments of $83.06. Find the APR from the table below.
A.10.5% 

B.11% 

C.9.5% 

D.10% 

//


Part 13 of 25 – Unit 3 Q15 
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Question 13 of 25

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// Amanda’s credit card statement showed these transactions during December.
Dec 1 Previous balance $700.00
Dec 12 Purchases $50.00
Dec 18 Purchases $25.00
Dec 27 Payment $55.00
The interest rate is 12% per month on the average daily balance. Find the average daily balance, the finance charge for the month, and the new balance on January 1. [Hint: Remember that December has 31 days.]
A.Average daily balance = $740.68; finance charge = $90.16; new balance = $808.16 

B.Average daily balance = $734.68; finance charge = $88.16; new balance = $808.16 

C.Average daily balance = $734.68; finance charge = $88.16; new balance = $818.16 

D.Average daily balance = $744.68; finance charge = $89.36; new balance = $808.16 

//


Part 14 of 25 – Unit 3 Q16 
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Question 14 of 25

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// A house sells for $312,500 and a 20% down payment is made. A 30year mortgage at 7% was obtained. Find the monthly payment and the total interest paid.
A.Monthly payment = $1,671.61; total interest paid = $351,779.60 

B.Monthly payment = $1,762.49; total interest paid = $384,496.40 

C.Monthly payment = $1,654.35; total interest paid = $345,566.00 

D.Monthly payment = $1,662.50; total interest paid = $348,500.00 

//


Part 15 of 25 – Unit 3 Q17 
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Question 15 of 25

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// A small restaurant was purchased for $447,000 with no down payment and a 6.5% loan for 10 years. Find the monthly payment.
A.$4,568.04 

B.$5,075.59 

C.$5,583.15 

D.$4,060.48 

//


Part 16 of 25 – Unit 3 Q18 
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Question 16 of 25

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//
A house has a $130,000.00 mortgage at 6.5%. The monthly payments are $1,132.30. Compute an amortization schedule for the first three months.
Payment Number

Interest

Payment on Principal

Balance of Loan

1




2




3




//


Part 17 of 25 – Unit 3 Q19 
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Question 17 of 25

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// What was the highest price that the stock sold for during the last 52 weeks?
52 WK
A.$65.98 per share 

B.$65.08 per share 

C.$66.88 per share 

D.$47.13 per share 

//


Part 18 of 25 – Unit 3 Q20 
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Question 18 of 25

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// What was the lowest price that the stock sold for during the last 52 weeks?
A.$41.79 per share 

B.$45.23 per share 

C.$43.51 per share 

D.$69.04 per share 

//


Part 19 of 25 – Unit 3 Q21 
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Question 19 of 25

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// What was the amount of the dividend per share that the company paid last year?
A.$1.83 per share 

B.$79.66 per share 

C.$127.68 per share 

D.$128.23 per share 

//


Part 20 of 25 – Unit 3 Q22 
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Question 20 of 25

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// Find the annual earnings per share.
A.$8.53 

B.$10.40 

C.$7.68 

D.$7.59 

//


Part 21 of 25 – Unit 3 Q25 
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Question 21 of 25

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// What was the closing price of the stock the day before yesterday?
A.$65.71 

B.$48.70 

C.$54.71 

D.$53.13 

//


Part 22 of 25 – Unit 3 Q26 
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Question 22 of 25

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// If the closing price of a stock is $46.12 and the annual earnings per share is $0.16, find the P/E ratio.
A.259.42 

B.7.38 

C.288.25 

D.8.12 

//


Part 23 of 25 – Unit 3 Q27 
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Question 23 of 25

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// The closing price of a stock is $70.72 and the annual earnings per share is $1.51, find the P/E ratio.
A.46.83 

B.106.79 

C.42.15 

D.117.47 

//


Part 24 of 25 – Unit 3 Q28 
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Question 24 of 25

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// If the closing price of a stock is $29.77 and the P/E ratio is 33, find the annual earning per share.
A.$982.41 

B.$0.81 

C.$884.17 

D.$0.90 

//


Part 25 of 25 – Unit 3 Q30 
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Question 25 of 25

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// An investor purchased 1000 shares of stock for $30.68 per share and sold them later for $32.80 per share. The broker’s commission was 4% of the purchase price and 4% of the selling price. Find the amount the investor made on the stock.
A.$2,035.20 

B.$–419.20 

C.$377.28 

D.$419.20 

//

