"quantity"exercise:The Time Value of Money

下載正保會(huì)計(jì)網(wǎng)校APP 訂閱最新報(bào)考消息

來(lái)源: 正保會(huì)計(jì)網(wǎng)校編輯：小鞠橘桔 2020/09/28 09:16:52　字體：大小

選課中心

多樣班次滿足需求

選課中心

資料專(zhuān)區(qū)

干貨資料助力備考

資料專(zhuān)區(qū)

報(bào)考指南

報(bào)考條件一鍵了解

報(bào)考指南

學(xué)習(xí)是一個(gè)不斷積累的過(guò)程，每天學(xué)習(xí)一點(diǎn)，每天進(jìn)步一點(diǎn)！為了幫助大家更高效地備考2021年CFA考試，正保會(huì)計(jì)網(wǎng)校每日為大家上新CFA習(xí)題供大家練習(xí)。讓網(wǎng)校與您一起高效備考2021年CFA考試，夢(mèng)想成真！

Questions 1:

The stated (quoted) annual interest rate on an automobile loan is 10%. The effective annual rate (EAR) of the loan is 10.47%. The frequency of compounding per year for the loan is closest to:

A、 quarterly.

B 、monthly.

C 、weekly

Questions 2:

A consultant starts a project today that will last for three years. Her compensation package includes the following:

If she expects to invest these amounts at an annual interest rate of 3%, compounded annually until her retirement 10 years from now, the value at the end of 10 years is closest to:

A 、$618,994.

B、 $566,466.

C、 $460,590

View answer resolution

【Answer to question 1】B

【analysis】

B is correct. EAR = (1 + Periodic interest rate)m – 1. The solution is found iteratively by substituting the possible frequency of compounding until the EAR is 10.47%. For weekly compounding, (1 + 0.10/52)52 – 1 = 0.10506 = 10.51%. For monthly compounding, (1 + 0.10/12)12 – 1 = 0.10471 = 10.47%. For quarterly compounding, (1 + 0.10/4)4 – 1 = 0.10381 = 10.38%. Thus, the correct answer is monthly compounding.

C is incorrect; (1 + 0.10/52)52 – 1 = 0.10506 = 10.51%

A is incorrect; (1 + 0.10/4)4 – 1 = 0.10381 = 10.38%

【Answer to question 2】B

【analysis】

捕獲1

捕獲2

成功=時(shí)間+方法，自制力是這個(gè)等式的保障。世上無(wú)天才，高手都是來(lái)自刻苦的練習(xí)。而人們經(jīng)常只看到“牛人”閃耀的成績(jī)，其成績(jī)背后無(wú)比寂寞的勤奮。小編相信，每天都在勤奮練習(xí)，即使是一點(diǎn)點(diǎn)的進(jìn)步，大家一定可以成為人人稱(chēng)贊的“牛人”。更多CFA考試資訊，點(diǎn)擊了解>