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Free CFA-Level-I Exam Braindumps (page: 240)

Page 239 of 991
PDF with 3963 Questions

If the critical value for a test statistic equals 2.45, what value of the test statistic would guarantee no chance of making a Type I error?

  1. None of these answers
  2. 3.74
  3. 2.14
  4. 4.56
  5. 2.46

Answer(s): C

Explanation:

The type I error is rejecting the null hypothesis when it is actually true. So if we accept the null hypothesis, there is no possibility of committing the type I error. Therefore, we can only accept the null if our test statistic falls inside the acceptance region between -2.45 and +2.45.



John's great-grandfather left him $50 when he died 80 years ago in an account paying 8% per year, compounded annually. How much would the account hold for John now?

  1. $407.76
  2. $24,229.78
  3. $24,113.90
  4. $22,504.51
  5. $23,597.74

Answer(s): E

Explanation:

On the BAII Plus, press 80 N, 8 I/Y, 50 PV, 0 PMT, CPT FV. On the HP12C, press 80 n, 8 i, 50 PV, 0 PMT, FV.
Note that the answer will be displayed as a negative number. Make sure that the BAII Plus has the P/Y value set to 1.



What quarterly payment is required beginning one period from today to pay off a $4,000 debt, if interest accrues at 8% per year, compounded quarterly, and the debt is to be retired in 5 years?

  1. $1,001.83
  2. $244.63
  3. $848.63
  4. $407.41
  5. $214.29

Answer(s): B

Explanation:

On the BAII Plus, press 20 N, 8 divide 4 = I/Y, 4000 PV, 0 FV, CPT PMT. On the HP12C, press 20 n, 8 ENTER 4 divide i, 4000 PV, 0 FV, PMT. Note that the answer will be displayed as a negative number. Make sure the BAII Plus has the P/Y value set to 1.



What monthly payment, beginning next month, would repay a $17,500 car loan over 48 months, assuming your loan has an interest rate of 4.9% per year, compounded monthly?

  1. $364.58
  2. $650.58
  3. $953.46
  4. $402.22
  5. $4,923.75

Answer(s): D

Explanation:

On the BAII Plus, press 48 N, 4.9 divide 12 = I/Y, 17500 PV, 0 FV, CPT PMT. On the HP12C, press 48 n, 4.9 ENTER 12 divide i, 17500 PV, 0 FV, PMT. Note that the answer will be displayed as a negative number. Make sure the BAII Plus has the value of P/Y set to 1.






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