Test Prep CFA® Level I Chartered Financial Analyst CFA® LEVEL 1 Exam Questions in PDF

Free Test Prep CFA® LEVEL 1 Dumps Questions (page: 133)

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?

  1. 16.93 years
  2. 20.10 years
  3. 17.72 years
  4. 14.48 years
  5. 24.03 years

Answer(s): B

Explanation:

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?

  1. 41.00%
  2. 85.00%
  3. 12.62%
  4. None of these answers
  5. 3.59%

Answer(s): E

Explanation:

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:

  1. 6.56%
  2. 6.40%
  3. 6.12%
  4. 6.73%

Answer(s): B

Explanation:

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?

  1. None of these answers
  2. .575
  3. .425
  4. .416
  5. .586

Answer(s): B

Explanation:

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! = 0.1612
P(11) = 25!(0.4^11)(0.6^14)/11!14! = 0.1465
P(12) = 25!(0.4^12)(0.6^13)/12!13! = 0.1140
P(13) = 25!(0.4^13)(0.6^12)/13!12! = 0.0760
P(14) = 25!(0.4^14)(0.6^11)/14!11! = 0.0434
P(15) = 25!(0.4^15)(0.6^10)/15!10! = 0.0212
P(16) = 25!(0.4^16)(0.6^9)/16!9! = 0.0088
P(17) = 25!(0.4^17)(0.6^8)/17!8! = 0.0031
Summing 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 rate
1.$50,000 89% per year
2.$20,000 612% per year
3.$35,000 37% per year

The present values of the 3 investments are:

  1. $28,193, $12,145, $31,422
  2. $99,628, $39,476, $42,877
  3. $25,093, $10,133, $28,570
  4. $24,192, $11,876, $27,864

Answer(s): C

Explanation:

Future value = Present value*(1+r)^N for annual compounding. Therefore, Future valueyearsratePresent Value
1.50,000 89% 50,000/(1.09)^8 = 25,093
2.20,000 612% 20,000/(1.12)^6 = 10,133
3.35,000 37% 35,000/(1.07)^3 = 28,570
Note that the future value must always be greater than the present value.



Share your comments for Test Prep CFA® LEVEL 1 exam with other users:

L
latha
9/7/2023 8:14:00 AM

useful questions

I
ibrahim
11/9/2023 7:57:00 AM

page :20 https://exam-dumps.com/snowflake/free-cof-c02-braindumps.html?p=20#collapse_453 q 74: true or false: pipes can be suspended and resumed. true. desc.: pausing or resuming pipes in addition to the pipe owner, a role that has the following minimum permissions can pause or resume the pipe https://docs.snowflake.com/en/user-guide/data-load-snowpipe-intro

F
Franklin Allagoa
7/5/2023 5:16:00 AM

i want hcia exam dumps

S
SSA
12/24/2023 1:18:00 PM

good training

B
BK
8/11/2023 12:23:00 PM

very useful

D
Deepika Narayanan
7/13/2023 11:05:00 PM

yes need this exam dumps

B
Blessious Phiri
8/15/2023 3:31:00 PM

these questions are a great eye opener

J
Jagdesh
9/8/2023 8:17:00 AM

thank you for providing these questions and answers. they helped me pass my exam. you guys are great.

T
TS
7/18/2023 3:32:00 PM

good knowledge

A
Asad Khan
11/1/2023 2:44:00 AM

answer 10 should be a because only a new project will be created & the organization is the same.

R
Raj
9/12/2023 3:49:00 PM

can you please upload the dump again

C
Christian Klein
6/23/2023 1:32:00 PM

is it legit questions from sap certifications ?

A
anonymous
1/12/2024 3:34:00 PM

question 16 should be b (changing the connector settings on the monitor) pc and monitor were powered on. the lights on the pc are on indicating power. the monitor is showing an error text indicating that it is receiving power too. this is a clear sign of having the wrong input selected on the monitor. thus, the "connector setting" needs to be switched from hdmi to display port on the monitor so it receives the signal from the pc, or the other way around (display port to hdmi).

N
NSPK
1/18/2024 10:26:00 AM

q 10. ans is d (in the target org: open deployment settings, click edit next to the source org. select allow inbound changes and save

M
mohamed abdo
9/1/2023 4:59:00 AM

very useful

T
Tom
3/18/2022 8:00:00 PM

i purchased this exam dumps from another website with way more questions but they were all invalid and outdate. this exam dumps was right to the point and all from recent exam. it was a hard pass.

E
Edrick GOP
10/24/2023 6:00:00 AM

it was a good experience and i got 90% in the 200-901 exam.

A
anonymous
8/10/2023 2:28:00 AM

hi please upload this

B
Bakir
7/6/2023 7:24:00 AM

please upload it

A
Aman
6/18/2023 1:27:00 PM

really need this dump. can you please help.

N
Neela Para
1/8/2024 6:39:00 PM

really good and covers many areas explaining the answer.

K
Karan Patel
8/15/2023 12:51:00 AM

yes, can you please upload the exam?

N
NISHAD
11/7/2023 11:28:00 AM

how many questions are there in these dumps?

P
Pankaj
7/3/2023 3:57:00 AM

hi team, please upload this , i need it.

D
DN
9/4/2023 11:19:00 PM

question 14 - run terraform import: this is the recommended best practice for bringing manually created or destroyed resources under terraform management. you use terraform import to associate an existing resource with a terraform resource configuration. this ensures that terraform is aware of the resource, and you can subsequently manage it with terraform.

Z
Zhiguang
8/19/2023 11:37:00 PM

please upload dump. thanks in advance.

D
deedee
12/23/2023 5:51:00 PM

great great

A
Asad Khan
11/1/2023 3:10:00 AM

answer 16 should be b your organizational policies require you to use virtual machines directly

S
Sale Danasabe
10/24/2023 5:21:00 PM

the question are kind of tricky of you didnt get the hnag on it.

L
Luis
11/16/2023 1:39:00 PM

can anyone tell me if this is for rhel8 or rhel9?

H
hik
1/19/2024 1:47:00 PM

good content

B
Blessious Phiri
8/15/2023 2:18:00 PM

pdb and cdb are critical to the database

Z
Zuned
10/22/2023 4:39:00 AM

till 104 questions are free, lets see how it helps me in my exam today.

M
Muhammad Rawish Siddiqui
12/3/2023 12:11:00 PM

question # 56, answer is true not false.

AI Tutor 👋 I’m here to help!