How long will it take for an initial deposit of $1,500 to grow to be $4,000, if the interest rate is 5% per year, compounded annually?
Answer(s): B
Either the $1,500 or the $4,000 must be entered as a negative number - it won't matter which. On the BAII Plus, press 5 I/Y, 1500 PV, 0 PMT, 4000 +/- FV, CPT N. On the HP12C, press 5 i, 2500 PV, 0 PMT, 4000 CHS FV,F. Note that the HP12C will indicate 21 years for the answer. Make sure the BAII Plus has the P/Y value set to 1.
Ball-Bearing, Inc. produces ball bearings automatically on a Kronar BBX machine. For one of the ball bearings, the mean diameter is set at 20mm. the standard deviation of the production over a long period of time was computer to be 0.150 mm. What percent of the ball bearings will have a diameter of 20.27 mm or more?
Answer(s): E
z = (x-u)/sigma = 20.27 - 20/0.15 = 1.8. from the z-table, z = 1.8 is 0.4641. So 1.0 - 0.9641 = 0.0359.
In an investment environment, an initial outlay of $100 grows to $156 in 7 years. The quarterly compounded rate of annual interest implicit in this is:
There are 28 quarters in 7 years. If the quarterly compounded rate is r, then we have 100*(1+r/4)^28 = 156, giving r = 6.4%
David's gasoline station offers 4 cents off per gallon if the customer pays in cash and does not use a credit card. Past evidence indicates that 40% of all customers pay in cash. During a one-hour period twenty-five customers buy gasoline at this station. What is the probability that at least ten pay in cash?
This is a binomial distribution: n!(p^r)(q^(n-r))/r!(n-r)!. n = 25, r = 10, p = 0.4 q = 0.6 P(10) = 25!(0.4^10)(0.6^15)/10!15! = 0.1612P(11) = 25!(0.4^11)(0.6^14)/11!14! = 0.1465P(12) = 25!(0.4^12)(0.6^13)/12!13! = 0.1140P(13) = 25!(0.4^13)(0.6^12)/13!12! = 0.0760P(14) = 25!(0.4^14)(0.6^11)/14!11! = 0.0434P(15) = 25!(0.4^15)(0.6^10)/15!10! = 0.0212P(16) = 25!(0.4^16)(0.6^9)/16!9! = 0.0088P(17) = 25!(0.4^17)(0.6^8)/17!8! = 0.0031Summing up we get close to 0.574.We can continue until r = 25 but the probability gets smaller and converges to 0.575.
Consider the following three investments:Future valueyearsinterest rate1.$50,000 89% per year2.$20,000 612% per year3.$35,000 37% per yearThe present values of the 3 investments are:
Answer(s): C
Future value = Present value*(1+r)^N for annual compounding. Therefore, Future valueyearsratePresent Value1.50,000 89% 50,000/(1.09)^8 = 25,0932.20,000 612% 20,000/(1.12)^6 = 10,1333.35,000 37% 35,000/(1.07)^3 = 28,570Note that the future value must always be greater than the present value.
Share your comments for Financial CFA Level 1 exam with other users:
please upload quetions
i passed my exam thanks to this braindumps questions. these questions are valid in us and i highly recommend it!
are they truely latest
questions appear contemporary.
good to prepare in this site
very helpful to crack first attempt
please upload this exam
please upload the c_activate22 dump questions with answer
q10 - the answer should be a. if its c, the criteria will meet if either the prospect is not part of the suppression lists or if the job title contains vice president
this was on the exam as of 1211/2023
great for prep
i think in question 7 the first answer should be power bi portal (not power bi)
on question 10 and so far 2 wrong answers as evident in the included reference link.
wonderful material
i passed!! ...but barely! got 728, but needed 720 to pass. the exam hit me with labs right out of the gate! then it went to multiple choice. protip: study the labs!
correct answer for question 92 is c -aws shield
great !! it is really good
explanations for the answers are to the point.
how can rea next
question: 128 d is the wrong answer...should be c
thanks for az 700 dumps
thank you for this tableau dumps . it will helpfull for tableau certification
good content
just testing if the comments are real
very helpful for exam preparation
question 11: https://help.salesforce.com/s/articleview?id=sf.admin_lead_to_patient_setup_overview.htm&type=5
i think the answer to question 42 is b not c
thanks for the dump
fantastic assessments
i find the xengine test engine simulator to be more fun than reading from pdf.
nice document
thank you for making the questions and answers intractive and selectable.
answers are correct?
can i belive this dump