What annual interest rate, compounded annually, is equivalent to 6% per year, compounded monthly?
Answer(s): B
Questions of this type are illustrating the concept of an Effective Interest Rate, which is a rate compounded annually that has the same effect as a rate compounded more often than one time a year. As such, a depositor or a creditor is indifferent between them, since they have the same effect. To solve this question, make any deposit and see how much is in the account after one year. The ratio of the ending FV to the beginning PV will indicate the annual rate earned. On the BAII Plus, press 12 N, 6 divide 12 = I/Y, 100 PV, 0 PMT, CPT FV. On the HP12C, press 12 n, 6 ENTER 12 divide i, 100 PV, 0 PMT, FV. The number displayed will be 106.17. In other words, after one year, $100 has become $106.17. An interest rate of 6.17%, compounded annually, would cause a $100 deposit to become $106.17 in one year. Choosing an initial deposit of $100 helps a great deal in these situations. Make sure the BAII Plus has the value of P/Y set to 1.
What is the Net Present Value of this series of annual cash flows: Year 0: <$20,000>, Year 1: $15,000, Year 2:$5,000, Year 3: $7,500, using an interest rate of 10% per year? (Note that the <> are used to indicate a negative number).
Answer(s): E
On the BAII Plus, press CF 2nd CLRWork 20000 +/- ENTER DownArrow 15000 ENTER DownArrow DownArrow 5000 ENTER DownArrow DownArrow 7500 ENTER DownArrow DownArrow 2nd Quit. Then press NPV 10 ENTER DownArrow CPT. On the HP12C, press these keys: 20000 CHS BlueShift CFo 15000 BlueShift CFj 5000 BlueShift CFj 7500 BlueShift CFj Then press 10 i, YellowShift NPV. The "DownArrow" represents the downward-pointing arrow on the top row of the BAII Plus keyboard.
Three young children approach a gum ball machine, each with a nickel to spend. The machine has just been filled with 50 black, 150 white, 100 red and 100 yellow balls that have been thoroughly mixed. Sue and Jim approached the machine first. They both said they wanted red gum balls. What is the likelihood they both will get their wish?
100/400*99/399 = 0.062
Which of the following is not a characteristic of the normal probability distribution?
Answer(s): D
The normal probability distribution is not skewed but bell shaped and symmetric.
In a regression, the independent variable explains 79% of the variance in the dependent variable, leaving 21% unexplained. The slope coefficient is 0.67 and the intercept equals -10.2 The correlation coefficient between the two variables is
In a univariate regression, the correlation coefficient between the dependent and the independent variables equals the square root of R-square. However, you should also be careful about the sign, which is not given by the R-square. Rather, you have to look at the sign of the slope coefficient. In this case, the slope coefficient is positive, implying that the dependent and the independent variables are positively correlated. The R-square equals 79% so the correlation coefficient equals +sqrt(0.79) = 0.89.
Share your comments for Test Prep CFA® LEVEL 1 exam with other users:
hi please upload this
please upload it
really need this dump. can you please help.
really good and covers many areas explaining the answer.
yes, can you please upload the exam?
how many questions are there in these dumps?
hi team, please upload this , i need it.
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.
please upload dump. thanks in advance.
great great
answer 16 should be b your organizational policies require you to use virtual machines directly
the question are kind of tricky of you didnt get the hnag on it.
can anyone tell me if this is for rhel8 or rhel9?
good content
pdb and cdb are critical to the database
till 104 questions are free, lets see how it helps me in my exam today.
question # 56, answer is true not false.
i would be requiring dumps to prepare for certification exam
very helpful
control file is the heart of rman backup
hi could you please upload the ibm c2090-543 dumps
appriciate if you could upload this again
please upload the dump
i found some questions answers mismatch with explanation answers. please properly update
nothing to mention
knowable questions
very helpfull
good questions
its helpful
i just took my oracle exam and let me tell you, this exam dumps was a lifesaver! without them, iam not sure i would have passed. the questions were tricky and the answers were obscure, but the exam dumps had everything i needed. i would recommend to anyone looking to pass their oracle exams with flying colors (and a little bit of cheating) lol.
22. if you need to make sure that one computer in your hot-spot network can access the internet without hot-spot authentication, which menu allows you to do this? answer is ip binding and not wall garden. wall garden allows specified websites to be accessed with users authentication to the hotspot
is question 1 correct?
manged to pass the exam with this exam dumps.