Business Math Quiz- annuities, sinking funds and stocks I can't get over a 70% on this quiz and i need an 80% to pass
1.
Sandra owns stock in XYZ Company. She has voting rights, therefore, she must own stock.

face value

preferred

common

trade
2. is the amount of a $3,000.00 annuity due at 12 percent compounded semiannually for 3 years.

$41,814.50

$334,321.00

$43,068.93

$22,180.50
3.Micro-Tech, Inc.'s stock closed at 7.375, up 0.125. Yesterday's closing price was

7.50.

7.125.

7.25.

7.875.

4.Madison invests $50.00 a week into an account earning 3.5 percent interest. She does not know how long she will continue to do this. This type of investment is known as a(n)

annual annuity.

non-standard annuity.

contingent annuity.

annuity certain.

5.Jackson owns stock in Jerry’s Paints. Today, he received a check reflecting his portion of the company’s quarterly profits. This payment is called a(n)

stock.

profit sharing.

dividend.

share.

6.The Super Ball lottery was won by Joan; her winnings were $500,000.00 to be paid in quarterly payments of $12,500.00 each over the next 10 years. How much must Super Ball deposit in an account paying 8 percent interest compounded quarterly for 10 years in order to meet their commitment to Joan?

$341,924.78

$341,937.50

$500,000.00

$755,021.75
7.The amount of an ordinary $7,500.00 annuity for 3 years at 12 percent compounded quarterly is

$25,305.00.

$180,997.50.

$106,440.00.

$23,182.50.

8.
What is the value of an annuity due at the end of 15 years of quarterly deposits of $2,000.00 with terms of 8 percent compounded quarterly?

$228,120.00

$232,666.08

$228,102.00

$232,665.14

9.Half-Foods, Inc.'s stock closed at 8.367 today. Yesterday's closing price was 8.765. How much did the price of stock drop?

.132

.16

.02

.398
10.Jose invests $100.00 a week into an account earning 4 percent interest for a period of 1 year. This is an example of a(n)

annuity.

high-risk investment.

compound-interest plan.

discounting procedure.