Final test of your Module 7 knowledge. 20 questions from all 20 lessons. Aim for 90%+.
Q1. B, $A = P(1+r)^n$
Q2. C, $r_{eff} = (1 + 0.08/4)^4 - 1 = 8.24\%$
Q3. B, Flat rate can go negative
Q4. A, FV annuity formula
Q5. D, PV discounts payments
Q6. C, Due = ordinary x $(1+r)$
Q7. B, Interpolation assumes approximate linearity
Q8. A, $A_{n+1} = (1+r)A_n + a$
Q9. B, Net = 7% - 1.2% = 5.8%
Q10. D, Loan recurrence
Q11. B, $M = Pr / [1 - (1+r)^{-n}]$
Q12. A, Offset reduces balance for interest
Q13. C, Higher gross can still win
Q14. B, Credit cards ~15-20%
Q15. C, Required saving formula
Q16. D, =NPER
Q17. B, 0% hides interest in price
Q18. A, Early extras save most
Q19. C, Consistent units needed
Q20. D, All essential
Tick when you've finished all questions and reviewed your answers.