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  • Assessment Sheets INSET Demo

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    Jeseryl Villoso
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    This document contains two multiple choice practice tests with 4 questions each about financial terms like annuities, interest rates, and payment terms. The tests ask about the definitions of annuities and interest types, examples of simple annuities, and calculating interest rates and terms from cash flow information of an annuity. The document provides space for test takers to fill in their names and scores and for a checker to sign off.

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    For Inset Demo

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    This document contains two multiple choice practice tests with 4 questions each about financial terms like annuities, interest rates, and payment terms. The tests ask about the definitions of annuities and interest types, examples of simple annuities, and calculating interest rates and terms from cash flow information of an annuity. The document provides space for test takers to fill in their names and scores and for a checker to sign off.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    4 views2 pages

    Assessment Sheets INSET Demo

    Uploaded by

    Jeseryl Villoso
    This document contains two multiple choice practice tests with 4 questions each about financial terms like annuities, interest rates, and payment terms. The tests ask about the definitions of annuities and interest types, examples of simple annuities, and calculating interest rates and terms from cash flow information of an annuity. The document provides space for test takers to fill in their names and scores and for a checker to sign off.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 2

    Name: _____________________________ Name: _____________________________

    Score: __________ Score: __________


    Multiple Choice. Encircle the letter of the Multiple Choice. Encircle the letter of the
    best answer. best answer.
    1. Which of the following refers to the fixed 1. Which of the following refers to the fixed
    sum of money paid to someone at regular sum of money paid to someone at regular
    intervals and subject to a fixed compound intervals and subject to a fixed compound
    interest? interest?
    a. annuity a. annuity
    b. simple interest b. simple interest
    c. compound interest c. compound interest
    d. annuity certain d. annuity certain

    2. Which of the following situations is NOT 2. Which of the following situations is NOT
    an example of simple annuity? an example of simple annuity?
    a. ₱1,500 deposited every month for 15 a. ₱1,500 deposited every month for 15
    years at 10% per year compounded annually years at 10% per year compounded annually
    b. ₱1,500 deposited every month for 15 years b. ₱1,500 deposited every month for 15 years
    at 10% per year compounded monthly at 10% per year compounded monthly
    c. ₱1,500 deposited every six months for 15 c. ₱1,500 deposited every six months for 15
    years at 10% per year compounded semi- years at 10% per year compounded semi-
    annually annually
    d. ₱1,500 deposited every three months for d. ₱1,500 deposited every three months for
    15 years at 10% per year compounded 15 years at 10% per year compounded
    quarterly quarterly
    For numbers 3-4. Given the cash flow of an For numbers 3-4. Given the cash flow of an
    annuity below. annuity below.

    3. What is the rate of interest? 3. What is the rate of interest?


    a. 1.05% a. 1.05%
    b. 0.05% b. 0.05%
    c. 5% c. 5%
    d. 0.5% d. 0.5%

    4. What is the term of the payment? 4. What is the term of the payment?
    a. 6 years a. 6 years
    b. 5 years b. 5 years
    c. 4 years c. 4 years
    d. 1000 years d. 1000 years

    Checked by: _________________________ Checked by: _________________________


    A

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