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Test Prep CFA-Level-I Exam Questions
CFA® Level I Chartered Financial Analyst (Page 95 )

Updated On: 24-Feb-2026
Page 95 of 793
PDF with 3963 Questions

A coefficient of skewness of +2.48 indicates:

  1. all of these answers are correct
  2. the mean is larger than the median
  3. the tail of the distribution is to the right
  4. none of these answers are correct
  5. a large positive skewness

Answer(s): A

Explanation:

In a positively skewed distribution, the mean is greater than the median or mode. The coefficient of skewness (Sk) generally lies between -3 and +3, therefore an Sk of +2.48 indicates significant positive skewness.



If you deposit $250 a month, beginning next month, for 20 years into an account paying 7% per year, compounded monthly, how much is in your account after that last deposit?

  1. $58,205.58
  2. $308,663.09
  3. $148,833.09
  4. $147,577.02
  5. $130,231.66

Answer(s): E

Explanation:

On the BAII Plus, press 240 N, 7 divide 12 = I/Y, 0 PV, 250 PMT, CPT FV. On the HP12C, press 240 n, 7 ENTER 12 divide i, 0 PV, 250 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 $100 a month, beginning next month, for 8 years into an account paying 6% per year, compounded monthly, how much is in your account after that last deposit?

  1. $13,678.56
  2. $12,282.85
  3. $9,600.00
  4. $12,097.91
  5. $23,585,957

Answer(s): B

Explanation:

On the BAII Plus, press 96 N, 6 divide 12 = I/Y, 0 PV, 100 PMT, CPT FV. On the HP12C, press 96 n, 6 ENTER 12 divide i, 0 PV, 100 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 need $25,000 in 10 years, how much must you deposit today, if your money will earn 6% per year, compounded annually?

  1. $25,000
  2. $13,959.87
  3. $2,320.01
  4. $44,771.19
  5. $23,200.08

Answer(s): B

Explanation:

On the BAII Plus, press 10 N, 6 I/Y, 0 PMT, 25000 FV, CPT PV. On the HP12C, press 10 n, 6 i, 0 PMT, 25000 FV, PV. Note that the answer will be shown as a negative number.



How much would you have in a savings account 12 months from now if you start with a balance of $3,000 today, make a deposit of $1,000 in 6 months and make another deposit 6 months after that of $500? Assume that interest accrues at 6% per year, compounded monthly.

  1. $4,684.42
  2. $4,777.55
  3. $4,715.41
  4. $4,500.00
  5. $2,500.00

Answer(s): C

Explanation:

Find the answer to this question by solving a couple of compound interest problems. Move the $3,000 to month 12, then move the $1,000 forward 6 months to month 12, then add $500. On the BAII Plus, press 12 N, 6 divide 12 = I/Y, 3000 PV, 0 PMT, CPT PV. Then press STO 1. Then press 6 N, 1000 PV, CPT FV. Then press + RCL 1 =. Make this number positive by pressing +/- and then press + 500 = to see the answer. On the HP12C, press 12 N, 6 ENTER 12 divide i, 3000 PV, 0 PMT, FV. Then press STO 1. Then press 6 N, 1000 PV, FV. Then press RCL 1 +. Make this number positive by pressing CHS and then press 500 + to see the answer. Make sure that the BAII Plus has the value of P/Y set to 1.






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