# Question 1 A(n) __________ card allows you to pay for a purchase at a later time when the bill arrives. A. debit B. ATM C. credit D. expense Question 2

Question 1 A(n) __________ card allows you to pay for a purchase at a later time when the bill arrives. A. debit B. ATM C. credit D. expense Question 2 The interest rate is composed of the __________ and the __________. A. risk-free rate; risk discount B. risk-free rate; risk premium C. risk-free rate; default risk premium D. None of the above Question 3 Identity thieves that obtain your information from the magnetic strip on your credit card are using a technique known as: A. shoulder surfing. B. dumpster diving. C. pretexting. D. skimming. 1) If you require a 9 percent return on your investments, which would you prefer? A.) $5,000 today B.) $15,000 five years from now C.) $1,000 per year for 15 yrs 2) The Mutual Assurance and Life Company is offering an insurance policy under either of the following two terms: A. Make a series of 12 payments of $1,200 at the beginning of each of the next 12 years (the first payment being made today) B. Make a single lump-sum payment today of $10,000 and receive coverage for the next 12 years If you had investment opportunities offering an 8 % annual return, which alternative would you prefer? 3) You decide to purchase a building for $30,000 by paying $5,000 down and assuming a mortgage of $25k. The bank offers you a 15-year mortgage requiring annual end-of-year payments of $3188 each. The bank also requires you to pay a 3percent loan origination fee, which will reduce the effective amount the bank lends to you. Compute the annual percentage rate of interest on this loan? 4) Construct a loan amortization schedule for a 3-year, 11 percent loan of $30k. The loan requires three equal, end-of-year payments. 5) ira investments develops retirement programs for individuals. you are 30 years old and plan to retire on your 60th birthday. You want to establish a plan with IRA that will require a series of equal, annual, end-of-year deposits into the retirement acct. The first deposit will be made 1 year from today on your 31st birthday. The final payment on the acct will be made on your 60th birthday. The retirement plan will allow you to withdraw $120k per year for 15 years with the first withdrawal on your 61st birthday. Also at the end of the 15 year you wish to withdraw an additional $250k. The retirement account promise to earn 12% annually. periodic payments must be made into the account to achieve your retirement objective? 6) Crab State Bank has offered you a $1,000,000 5-year loan at an interest rate of 11.25 percent, requiring equal annual end-of-year payments that include both principle and interest on the unpaid balance. Develop an amortization schedule for this loan. 7) using an online mortgage calculator (see http://moyer.swlearning.com) solve for the monthly savings and the number of months it takes to recoup the refinancing costs in problem 34. nt under the question “what will it cost you?” enter 2850 for “Other” and 0 for all other items 8) Use an online savings or retirement calculator (see http://moyer.swlearning.com) to solve the following problem: You are now 30 years old and would like to accumulate $2,000,000 in your retirement account at the age of 65. You currently have $50,000 saved in the retirement account. How much must you set aside at the end of each year over the next 35 years to attain your retirement goal if the account earns 6.5 percent per year? How much would you have to set aside each year if you currently have a zero balance in the retirement account? 9) Using one of the mortgage loan calculators available on the internet (see http://moyer.swlearning.com do a loan amortization for a $150,000, 30-year mortgage loan at a rate of 5 percent and answer the following questions? How much is the monthly payment? a. How much of the first payment (i.e., year 1, month 1) goes towards the interest? How much towards principal reduction? b. How much of the 180 payment (i.e., year 15, month 12) goes towards interest? How much towards principal reduction? c. is the remaining balance on the loan at the end of the fifth year? is a piece of evidence used to determine the composition of the core? A) Drilling samples B) Volcanic rocks C) S-wave shadow zone D) Density 2. Identify which of the following statements about the Earth’s crust are true. A. true B. false Which of the following are the major layers of the Earth’s interior A) Crust, Asthenosphere, and Lithosphere B) Oceanic crust and continental crust C) S-waves, P-waves, and R-waves D) Crust, Mantle, and Core Continental crust is composed mainly of: A) shale and limestone B) iron and nickel C) basalt D) granite 5. Which of the following is true about the Earth’s mantle? A) The mantle is composed of a rock called peridotite B) The mantle is solid throughout C) The mantle is only composed of one layer D) The mantle is composed of iron and nickel is the phase or state of matter of the outer core? A) Gas B) Liquid C) Magma D) Solid Average oceanic crust is ________ kilometers thick whereas average continental crust is ________ kilometers thick. A) 20 to 40, 5 to 10 B) 200 to 400, 50 to 100 C) 4 to 7, 20 to 40 D) 50 to 100, 200 to 400 8. No S waves pass through the center of the Earth because: A) S waves travel only through liquids B) the outer core is liquid C) the asthenosphere is liquid D) S waves refract at the mantle-core boundary Match the parts of the Earth’s interior with the correct description. A. Oceanic crust B. Lower mantle C. Outer core D. Lithosphere 10. If the portion of the Earth labeled E in the diagram is the mantle A and B are the crust, than what is one portion labeled C? Question 1 (This function will be used for the first five questions, # 1 – # 5.) Given :f(x) = x2 -14x + 44 Find the x value of the turning point. Answer -x = -7 -x = 7 -x = 14 -None of the above Question 2 Using the same function as in #1, find the y value of the turning point. Answer y = -5 y = 5 y = 151 None of the above Question 3 Using the same function as #1, is the turning point you found a minimum point or a maximum point? Answer Minimum Maximum Question 4 Using the same function as in #1, what is the function’s y-intercept? Answer (44, 0) (0, -44) (0, 44) None of the above Question 5 Using the same function as in #1, use the quadratic formula to find the zeros of this parabola. Answer 9 or 5 -7 (both plus and minus operations) (square root -7 (both plus and minus operations) ) 93-) 5 -None of the above 7±√5 is answer. Question 6 Given : f(x)=2x^2-3x+5 and g(x)=x-4 Find : (f + g)(x) Answer 2x^2+2x-1 2x^2-2x+1 2x^2-4x-9 None of the above Question 7 Given the same two functions as in #6, find (f – g)(x) Answer 2x^2-4x+9 2x^2+4x-9 2x^2+2x+1 None of the above Question 8 Using the same two functions as in # 6, find: (f x(times sign) g) (x)= Answer 2x^3+ 2x^2-7x-20 2x^3 + 5x^2 +17x-20 2x^3- 11x^2 +17x-20 None of the above Question 9 Given : f(x)=4x+1and g(x)=x^2+1 Find : (fog) (x)= Answer 4x^2+5 4x^2+4 4x^2+4x+5 None of the above Question 10 Using the same two functions as in # 9, find : (gof) (x) Answer 4x^2+8x+2 16x^2+8x+1 16x^2+8x+2 None of the above Question 11 Using the information in #9 , find : fog (3)= Answer 40 41 13 53 Question 12 “y is directly proportional to x and inversely proportional to the square of w” Give the equation. Answer Y= kx/square root w Y=x/kw^2 Y=kx/w^2 None of the above Question 13 Using your answer from #12, find k when y = 4, x = 32 and w = 4. Answer k = 2 k = 1/2 k = 1/4 None of the above Question 14 Given the cubic function : f(x)=(x-3)(x-1)(x+2) are the zeros of this cubic function? Answer { -3 , -1 , 2 } { 3 , 1 , -2 } { 3 , 0 , -2 } { 6 } Question 15 Given the cubic function from #14, what is the y-intercept? Answer (0, 6) (6, 0) (0, 0) (0, -6) Question 16 Using the same function from #14, find: f(2)= Answer f(2) = -6 f(2) = 4 f(2) = -4 f(2) = -20 Question 17 Given : f(x)4/x+3 is the vertical asymptote? Answer x = -3 x = 3 x = 4 x = 0 Question 18 Using the same function from #17, what is the function’s horizontal asymptote? Answer y = 4 y = 4/3 y = 0 (the “x axis”) y = -3 Question 19 Using the same function from #17, what is the function’s y-intercept? Answer (0, -3) (-3, 0) (0, 4/3) (4/3, 0) Question 20 Given: g(x)=2x+4/x-3 is the horizontal asymptote? Answer y=3 y=2 y=-2 y=0 (the “x-axis”) Question 1 The impact of credit __________ saving and __________ spending. A. decreases; increases B. increases; decreases C. decreases; decreases D. Credit has no relationship on saving and spending. Question 2 Which of the following is NOT true regarding certificates of deposit (CDs)? A. The investment of large amounts will pay higher interest than lower amounts. B. The longer the term, the higher the interest rate paid. C. Early withdrawals of money are subject to a penalty. D. All banks offer the same rates on CDs. Question 3 Your great aunt Mary passed away and left you and inheritance of $5,000. Since you don’t have a need for the money in the near future, which of the following would be the best place to put the $5,000? A. A savings account earning 1% interest B. A checking account C. gh risk stock in a producer of natural gas that is predicted to triple in the next year D. A five-year CD paying 4.38% annually