Complete Test Bank — Business Mathematics in Canada, 11th Edition — F. Ernest Jerome — ISBN 9781264865581 — (All Chapters Covered 1–17, Questions & Answers)

Business Mathematics in
Canada 11th Edition
ST


TEST BANK
UV
IA
_A

F. Ernest Jerome
PP

Tracy Worswick

────────────────────────────────────────────────────
RO

Comprehensive Test Bank for Instructors
VE

and Students
D?

© F. Ernest Jerome & Tracy Worswick. All rights reserved. Reproduction or distribution

without permission is prohibited.
?


© Successhands

, Test Bank for Business Mathematics in Canada (11th Edition)
F. Ernest Jerome & Tracy Worswick



UNIT 1: MATHEMATICAL FOUNDATIONS FOR BUSINESS
ST

1. Review and Applications of Basic Mathematics
Appendix 1A: The Texas Instruments BA II PLUS
2. Review and Applications of Algebra
3. Percent and Percent Change
4. Ratios and Proportions
UV

UNIT 2: MERCHANDISING AND LINEAR APPLICATIONS
5. Mathematics of Merchandising
5.2 Supplement: Other Notations for Terms of Payment (on Connect)
5.3 Supplement: Diagram Model for Markup Problems (on Connect)
6. Applications of Linear Equations
IA

Appendix 6A: The Texas Instruments BA II PLUS Break-Even Worksheet

UNIT 3: SIMPLE INTEREST AND APPLICATIONS
7. Simple Interest
_A
Appendix 7A: An Aid for Determining the Number of Days in Each Month
Appendix 7B: The Texas Instruments BA II PLUS Date Worksheet
8. Applications of Simple Interest
Appendix 8A: Promissory Notes

UNIT 4: COMPOUND INTEREST AND FINANCIAL CALCULATIONS
PP

9. Compound Interest: Future Value and Present Value
Appendix 9A: Instructions for Specific Models of Financial Calculators
10. Compound Interest: Further Topics and Applications
Appendix 10A: The Texas Instruments BA II PLUS Interest Conversion Worksheet
Appendix 10B: Logarithms
RO
Appendix 10C: Annualized Rates of Return and Growth (on Connect)

UNIT 5: ANNUITIES AND LOAN STRUCTURES
11. Ordinary Annuities: Future Value and Present Value
12. Ordinary Annuities: Periodic Payment, Number of Payments, and Interest Rate
Appendix 12A: Derivation of the Formula for n from the Formula for FV (on Connect)
VE
Appendix 12B: The Trial-and-Error Method for Calculating the Interest Rate per Payment
Interval (on Connect)
13. Annuities Due
Appendix 13A: Setting Your Calculator in the Annuity Due Mode
14. Annuities: Special Situations
D?

UNIT 6: MORTGAGES, BONDS, AND INVESTMENT DECISIONS
15. Loan Amortization: Mortgages
15.4 Mortgage Loans: Additional Topics (on Connect)
Appendix 15A: Instructions for the Texas Instruments BA II PLUS Amortization Worksheet
Appendix 15B: Amortization Functions on the Sharp EL-738 Calculator
?

16. Bonds and Sinking Funds
Appendix 16A: Instructions for the Texas Instruments BA II PLUS Bond Worksheet
17. Business Investment Decisions




© Successhands

, Stuvia.com - The Marketplace to Buy and Sell your Study Material



1
Medconnoisseurlibraries.com
Review
Reviewand
and Applications
Applications of
of
BasicBasic
Mathematics
Mathematics
Exercise 1.1
a. 10 + 10 x 0 = 10 + 0 = 10
b. 2x2+4–8=4+4–8=0
ST

c. (10 + 10) x 0 = 20 x 0 = 0
d. 2 x (2 + 4) – 8 = 2 x 6 – 8 = 12 – 8 = 4
e. 0 + 3 x 3 – 32 + 10 = 0 + 9 – 9 + 10 = 10
f. 12 – 2 x 5 + 22 x 0 = 12 – 10 + 4 x 0 = 12 – 10 + 0 = 2
UV

g. 0 + 3 x 3 – (32 + 10) = 0 + 9 – 19 = -10
h. (12 – 2) x (5 + 22) x 0 = 10 x 9 x 0 = 0
22 −4 4 −4 0
i. = = =0
(4−2)2 22 4

(2 −4)2 (−2)2 4
IA
= = =4
5−22 5 −4 1
j.
1. 20 − 4  2 − 8 = 20 − 8 − 8 = 4
2. 18  3 + 6  2 = 6 + 12 = 18
_A

3. (20 − 4)  2 − 8 = 16  2 − 8 = 32 − 8 = 24
4. 18  (3 + 6)  2 = 18  9  2 = 2  2 = 4

5. 20 − (4  2 − 8) = 20 − (8 − 8) = 20
PP

6. (18  3 + 6)  2 = (6 + 6)  2 = 24
7. 54 − 36  4 + 22 = 54 − 9 + 4 = 49

8. (5 + 3)2 − 32  9 + 3 = 82 − 9  9 + 3 = 64 − 1+ 3 = 66
RO
VE
D?
?


Downloaded by: destine465 |
Page 2 of 761
Want to earn $1.236
Distribution of this document is illegal extra per year?

, Stuvia.com - The Marketplace to Buy and Sell your Study Material

Medconnoisseurlibraries.com


9. (54 − 36)  (4 + 2)2 = 18  62 = 18  36 = 0.5
(
10. 5 + 32 − 3 )2  (9 + 3) = 5 + (9 − 3)2  12 = 5 + 36  12 = 5 + 3 = 8
82 − 42 64 − 16 = 48 = 6
11. =
(4 − 2)3 23 8
ST
2
12.
(8 − 4)2 =
4
=
16
=−4
4 − 23 4−8 −4
13. 3(6 + 4)2 − 5(17 − 20)2 = 3 10 2 − 5(− 3)2 = 3 100 − 5  9 = 300 − 45 = 255
UV

14. (4  3 − 2)2  (4 − 3  22 ) = (12 − 2)2  (4 − 3  4) = 102  (4 − 12) = 100  (− 8) = − 12.5
15. (20 + 8  5) − 7  (− 3) 9 = (20 + 40 + 21)  9 = 81 9 = 9

( )  
519 + 52 − 16 2  = 5 19 + (25 − 16 )2 2 = 5(19 + 81)2 = 5  100 2 = 50,000
2
16.
 
IA

17. $100(1+ 0.06  365
45
) = $100(1+ 0.00739726) = $100.74
$200 $200 $200
18. = = = $194.17
1+ 0.09  12 1+ 0.03 1.03
4
_A

$500 = $500 $500
=
19.
(1 + 0.05) 1.05 1.1025 = $453.51
2 2


( )
20. $1000 (1+ 0.02) = $1000 1.023 = $1000 (1.061208 ) = $1061.21
3

 (1+ 0.04)2 − 1  1.042 − 1  0.0816 
PP

21. $100 0.04  = $100 0.04  = $100 0.04  = $204.00
     
 1   1 − 1 
1 − (1 + 0.03)2  1.0609  1 − 0.942596 
22. $300  = $300  = $300  = $574.04
RO
 0.03   0.03   0.03 
   
   

Concept Questions (Section 1.2)
1. You must retain at least one more figure than you require in the answer. To achieve four-
VE
figure accuracy in the answer, you must retain a minimum of five figures in the values
used in the calculations. B)
2. We want six-figure accuracy in the answer. Therefore, values used in the calculations
must be accurate to at least seven figures. B)
3. We want seven-figure accuracy in the answer. Therefore, values used in the calculations
D?

must retain at least eight figures. C)
4. To be accurate to the nearest 0.01%, an interest rate greater than 10% must have four-
figure accuracy. Therefore, five figures must be retained in numbers used in the
calculations. C)
?


Downloaded by: destine465 |
Page 3 of 761
Want to earn $1.236
Distribution of this document is illegal extra per year?