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.