Elementary Applied Mathematics

Math 118 - Spring 2005

Chapter 6 - Practice exam - Answers

Be careful - there may be Typos.  If think you spot one, ask.

When 2 answers are given, the first one is always the preferred one.

 

 

 

 

 

   A    6 or 12    Future value of an ordinary annuity

B    12 or 6    Sinking fund

C    5 or 4    Periodic compounding

D    4           Compound interest

E    6            Future value of an ordinary annuity

F    12 or 6    Sinking fund

G    3            Continuous compounding or exponential growth

H    7            Future value of an annuity due

I    3            Continuous compounding or exponential growth

J    7            Future value of an annuity due

K    4            Compound interest

L    11 or 8     Amortization

M    10            Deferred annuity

N    11 or 8    Amortization

O    10            Deferred annuity

P    6            Future value of an ordinary annuity

Q    12 or 6    Sinking fund

R    4            Compound interest

S    11 or 8    Amortization

T    8            Present value of an ordinary annuity

Hit CounterCreated February 24, 2005