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Free CFA-Level-I Exam Braindumps (page: 234)

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PDF with 3963 Questions

If you deposit $400 a month, beginning next month, for 10 years into an account paying 8% per year, compounded monthly, how much is in your account after that last deposit?

  1. $18,121,973.53
  2. $73,178.41
  3. $48,000.00
  4. $13,091.62
  5. $88,402.98

Answer(s): B

Explanation:

On the BAII Plus, press 120 N, 8 divide 12 = I/Y, 0 PV, 400 PMT, CPT FV. On the HP12C, press 120 n, 8 ENTER 12 divide i, 0 PV, 400 PMT, FV. On the BAII Plus, make sure the value of P/Y is set to 1. Note that the answer is displayed as a negative number.



If you deposit $245 into an account paying 5.5% per year simple interest, how much interest will be earned after 15 months?

  1. $259.59
  2. $15.59
  3. $202.13
  4. $261.84
  5. $16.84

Answer(s): E

Explanation:

The question only asks for the earned interest, not the total amount in the account. On the BAII Plus, press 245 x 0.055 x 15 divide 12 = to see the answer. On the HP12C, press 245 ENTER 0.055 x 15 x 12 divide to see the answer.



A survey of top executives revealed that 35% of them regularly read Time magazine, 20% real Newsweek and 40% read U.S. News & World Report. Ten percent read both Time and U.S. News & World Report. What is the probability that a particular top executive reads either Time or U.S. News & World Report regularly?

  1. 0.85
  2. 0.06
  3. None of these answers
  4. 0.65
  5. 1.00

Answer(s): D

Explanation:

35% + 40% - 10% = 65%



What is the annual Internal Rate of Return of this series of annual cash flows: Year 0: <$10,000>, Year 1:
$5,000, Year 2: $5,000, Year 3: $7,500? (Note that the <> are used to indicate a negative number).

  1. 31.45%
  2. 21.16%
  3. 34.45%
  4. 20.03%
  5. 28.89%

Answer(s): A

Explanation:

On the BAII Plus, press CF 2nd CLRWork 10000 +/- ENTER DownArrow 5000 ENTER DownArrow DownArrow 5000 ENTER DownArrow DownArrow 7500 ENTER DownArrow DownArrow 2nd Quit. Then press Irr CPT. On the HP12C, press these keys: 10000 CHS BlueShift CFo 5000 BlueShift CFj 5000 BlueShift CFj 7500 BlueShift CFj Then press YellowShift Irr. The "DownArrow" represents the downward-pointing arrow on the top row of the BAII Plus keyboard.






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