The document contains solutions to true/false and multiple choice questions related to financial calculations. It tests concepts like compound interest, loan payments, percentage changes, and bank statement reconciliation. The questions cover a range of skills from simple calculations to multi-step word problems.

1. TRUE or FALSE
Susan purchased 5,500 shares of stock at a price of $9.75 a share.
She sold the stock eight years later at a price of $20.95 per share.
His capital gain is about 52%.
Purchase Price = 5500 x 9.75 = 53625
Selling Price = 5500 x 20.95 = 115225
Capital Gain = 115225 - 53625 = 61600
Capital Gain % = 61600 ÷ 53625 x 100 = 114%
FALSE

2. TRUE or FALSE
Interest compounded quarterly is compounded two times a year.
quarterly, n = 4
FALSE

3. TRUE or FALSE
Mrs. Dyer deposited $2,500 into an account that pays 3.5% interest, compounded daily.
At the end of nine months, she has earned $66.49 in interest.
= 2566.49
Balance =
Interest = 2566.49 - 2500 = 66.49
TRUE

4. TRUE or FALSE
Harold borrowed $22,000 for a car for 6 years at an APR of 6.50%.
Her monthly payment will be $369.82.
TRUE

5. TRUE or FALSE
The total interest on a 3-year 4.25% loan with a principal of $8,000 is
8,000 0.0425 3 = $1020.
Need to get Monthly Payment First!
Monthly Payment = $260.83
Total Amount = $260.83 x 36 = $9,389.84
Interest = 9,389.84 – 8,000 = $1,389.84

6. Multiple Choice
b
Previous Day's Close = 36.97 - .51 = 36.46
% Change = .51 ÷ 36.46 x 100 = 1.39%

7. Multiple Choice
a.
1000 x 0.0425 x 20 = 850

8. Multiple Choice
B.
A negative number indicates negative, and a number close to 0 indicates weak.

9. Multiple Choice
a.

10. Multiple Choice
b.
t = 40 -20 = 20

11. Multiple Choice
c.

12. Multiple Choice
d.
7.5(90) – 371 = 354

13. Multiple Choice
c.
2312.34 – 2567.45 – 50 = -$305.11

14. Multiple Choice
c.
23 x 125 = 2,875
3500 - 2875 = $625

15. Multiple Choice
c.
Total Deposits: 315.36 + 70 + 387.54 = 772.90
Total Withdrawals: 37.50 + 108.25 + 50 = 195.75
Statement Balance:
1833.96
+ Total Deposits
+ 772.90
- Total Withdrawals
- 195.75
Revised Statement Balance = 2411.11
- Register Balance
- 2350.34
60.77

16. (31.85+32.62+31.10+29.04) ÷ 4 = 31.15