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Home Flashcards beunriequel's Study Deck
  Flashcards by beunriequel

Question 1 

Linda contributes $3000.00 at the beginning of every six months into an RRSP paying interest at 6% compounded semi-annually.
a) How much will her RRSP deposits amount to in 15 years?
b) How much of the amount will be interest?
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Question 2 

Emilio saw a wonderful all-in-one kitchen appliance for sale on TV. The appliance would allow him to get rid of six small appliances and leave more room in his kitchen. Emilio called the number and agreed to purchase the product. He then found out that the price only covered the product base and he would have to purchase each appliance add-on individually. When he did this, the product cost significantly more than he originally thought. This is an example of the ___________ technique.
A) foot-in-the-door
B) door-in-the-face
C) low-ball
D) bait-and-switch
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Question 3 

Nine $10 000, 4% bonds with interest payable semi-annually and redeemable at par are purchased 8.5 years before maturity. Find the premium or discount and the purchase price if the bonds are bought to yield 6%.
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Question 4 

A commitment on the project requires an initial outlay of $10 000.00 and a further outlay of $5000.00 after one year. Net returns are $5 000.00 per year for five years. What is the net present value of the project at 16%?
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Question 5 

Six $1500 bonds with 4.5% coupons payable semi-annually are bought to yield 5% compounded monthly. If the bonds are redeemable at par in eight years, what is the purchase price?
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