QUESTION: 1129

What monthly payment is required over the next 60 months to pay off a $12,500 debt today, if interest is charged at 12% per year, compounded monthly?

$316.02
$270.54
$296.67
$3,467.62
$278.06

Answer(s): E

Explanation:

On the BAII Plus, press 60 N, 12 divide 12 = I/Y, 12500 PV, 0 FV, CPT PMT. On the HP12C, press 60 n, 12 ENTER 12 divide i, 12500 PV, 0 FV, PMT. Make sure the BAII Plus has the P/Y value set to 1. Note that the answer will be displayed as a negative number.

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QUESTION: 1130

What is the Net Present Value of this series of annual cash flows using an interest rate of 12% per year: Year
0: <$15,000>, Year 1: $8,000, Year 2: $8,000, Year 3: $1,000, Year 4: $4,000? (Note that the <> are used to indicate a negative number).

$2,077.49
$1,589.11
$1,774.26
$1,981.21
$1,104.37

Answer(s): C

Explanation:

On the BAII Plus, press CF 2nd CLRWork 15000 +/- ENTER DownArrow 8000 ENTER DownArrow DownArrow 8000 ENTER DownArrow DownArrow 1000 ENTER DownArrow DownArrow 4000 ENTER DownArrow DownArrow 2nd Quit. Then press NPV 12 ENTER DownArrow CPT. On the HP12C, press these keys: 15000 CHS BlueShift CFo 8000 BlueShift CFj 8000 BlueShift CFj 1000 BlueShift CFj 4000 BlueShift CFj. Then press 12 i, YellowShift NPV. The "DownArrow" represents the downward-pointing arrow on the top row of the BAII Plus keyboard. Make sure the BAII Plus has the P/Y value set to 1.

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QUESTION: 1131

The wildlife department has been feeding a special food to rainbow trout fingerlings in a pond. A sample of the weights of 40 trout revealed that the mean weight is 402.7 grams and the standard deviation 8.8 grams. What is the point estimate?

None of these answers
10.0675
8.8
40
402.7

Answer(s): E

Explanation:

The sample mean is a good estimate for the population mean.

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QUESTION: 1132

Given the following points: (-2, 0), (-1,0), (1, 1) and (2, 3) If the regression equation is Y' = 2 - .4X, what is the value of Y when X = -3?

None of these answers
3.2
-10.0
0.8
14.0

Answer(s): B

Explanation:

Y' = 2 - 0.4*(-3) = 2 + 1.2 = 3.2

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Free CFA-Level-I Exam Braindumps (page: 283)

QUESTION: 1129

Explanation:

QUESTION: 1130

Explanation:

QUESTION: 1131

Explanation:

QUESTION: 1132

Explanation: