1 of 6   ID: FMTH.A.OA.FV.09.L
Mr A. Pilot deposits $130 at the end of each quarter for 4 years and then $80 at the end of each quarter for another 6 years, into a savings account earning 9% pa convertible quarterly. Calculate the amount of money that will be in the account just after Mr A. Pilot makes the final deposit of $80. Give your answer in dollars and cents to the nearest cent.
Accumulated value = $
[1  mark]
javascript:toggle(‘q4133236648400822’)- 2 of 6   ID: FMTH.CL.RP.02A.L
Alicia’s parents wish to purchase a home costing $400,000. They have a $160,000 deposit and intend to borrow the balance from Rarepoor Bank at an interest rate of j4 = 13.6% pa compounded quarterly repayable over 15 years. Calculate the amount of the quarterly repayment. Give your answer in dollars and cents to the nearest cent.
Regular payment = $
[1  mark]
javascript:toggle(‘q4133236391080924’)- 3 of 6   ID: FMTH.A.OA.FV.01a.L
Wai Man saves $3,000 at the end of each year and invests it at 10% pa effective. Calculate the accumulated value (S) after 14 years. Give your answer in dollars and cents to the nearest cent.
S = $
[1  mark]
javascript:toggle(‘q4133236499671592’)- 4 of 6   ID: FMTH.A.OA.PV.01f.L
A particular rental agreement requires quarterly payments of $350 for 17 years paid in arrears. Calculate the present value (P) of this agreement if money is worth 14% pa convertible quarterly. Give your answer in dollars and cents to the nearest cent.
P = $
[1  mark]
javascript:toggle(‘q4133236747456058’)- 5 of 6   ID: FMTH.A.P.IR.01.L
If a perpetuity paying $171.60 at the end of each year has a present value of $3,000, find the rate of interest per annum. Give your answer as a percentage per annum to 2 decimal places.
Interest rate = % pa
[1  mark]
javascript:toggle(‘q4133236566824872’)- 6 of 6   ID: FMTH.A.OA.RP.02a.L
The cash price of a used car is $19,500. Dulani wishes to pay for it in 25 quarterly instalments. If an interest rate of 3% pa…