1
FINA 363 Tophat Questions And
100% Verified Answers
Finance first emerged in the early urban civilizations of ____ - correct-answer -
Mesopotamia
The practice of using non-public information to make trades on securities is called
_____ trading and is illegal in most countries including the U.S. - correct-answer -
insider
The SEC stands for the ____ commission. - correct-answer -Securities and
Exchange
Suppose a question says you will receive a payment of $500 at the beginning of
year 4. Where on the timeline would you put that amount? - correct-answer -
under 3
What is 0.2% in decimal form? - correct-answer -0.002
, 2
If I deposit $10,000 into an account earning an interest rate of 1.5%, how much
will I have in the account after 10 years? Round to the nearest whole dollar. -
correct-answer -11605.0
If I deposit $8,000 into an account earning 2% interest, how much interest will I
earn over the next 4 years? Round to the nearest dollar. - correct-answer -659.0
What is the present value of $14,000 to be received in 8 years if your discount rate
is 5%? Round to the nearest dollar. - correct-answer -9476.0
Suppose you deposited $1,000 in a savings account. If you have $1,385 in the
account after 7 years, what annual interest rate did you earn on your savings?
Answer in percentage and round to one decimal place. (do not include the % sign
in your answer) - correct-answer -4.8
Suppose you deposit $1,000 into a savings account earning 2.1% interest. How
long will it take for the balance to grow to $1,200? Answer in years rounded to a
whole number. - correct-answer -9.0
Annual - correct-answer -m = 1
FINA 363 Tophat Questions And
100% Verified Answers
Finance first emerged in the early urban civilizations of ____ - correct-answer -
Mesopotamia
The practice of using non-public information to make trades on securities is called
_____ trading and is illegal in most countries including the U.S. - correct-answer -
insider
The SEC stands for the ____ commission. - correct-answer -Securities and
Exchange
Suppose a question says you will receive a payment of $500 at the beginning of
year 4. Where on the timeline would you put that amount? - correct-answer -
under 3
What is 0.2% in decimal form? - correct-answer -0.002
, 2
If I deposit $10,000 into an account earning an interest rate of 1.5%, how much
will I have in the account after 10 years? Round to the nearest whole dollar. -
correct-answer -11605.0
If I deposit $8,000 into an account earning 2% interest, how much interest will I
earn over the next 4 years? Round to the nearest dollar. - correct-answer -659.0
What is the present value of $14,000 to be received in 8 years if your discount rate
is 5%? Round to the nearest dollar. - correct-answer -9476.0
Suppose you deposited $1,000 in a savings account. If you have $1,385 in the
account after 7 years, what annual interest rate did you earn on your savings?
Answer in percentage and round to one decimal place. (do not include the % sign
in your answer) - correct-answer -4.8
Suppose you deposit $1,000 into a savings account earning 2.1% interest. How
long will it take for the balance to grow to $1,200? Answer in years rounded to a
whole number. - correct-answer -9.0
Annual - correct-answer -m = 1
