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FA Spring Midterm 2025

Last updated 9 months ago
20 questions
1

STOCK TICKER BELOW:

TSLA .7K @262.38 🔻.78 SOFI 3.7K @12.59🔺.14 ELF 1.4K @70.68🔺6.26

What was ELF's closing price yesterday?

1


What is the new balance?

1

What is the monthly payment of $17,200 for a 10% monthly interest for 42 months?

1

Twinkle Industries had a 2-for-1 split. Its 282,000 shares were priced at $41.72. What was the price per share post-split?

1

Lucky bought 185 Horseshoe shares for $24.82. He sold them for $36.18 two years later. What was his capital gain?

1

On Mar 2, Signing Day Sports, SGN, had 156K shares priced at $3.72 per share. They instituted a 3 for 1 stock split. How many shares are available post split?

1

Jenna’s monthly payment is $607.30. She borrowed $18,000 for 3 years. What is her finance charge(interest)?

1

Determine the 3 Day simple moving average for days 3-5 given the last 5 days closing prices:
$37.50, $32.70, $35.82, $36.98, $41.92

1

On March 7th, the Genuine Corporation announced a decrease in earnings from it’s March 6th closing of $52.72. This news caused the price of their stock to drop. It closed at $37.80. Express the net change from Mar 6 to Mar 7 as a percent.

1

Steve and Elizabeth decide to become partners in a children’s cooking school. They need $80,000 for the franchise. They invest in a 3:7 ratio, respectively. How much money did Elizabeth invest?

1

Nicky had to buy his daughter something nice for her birthday, but didn’t have enough money after paying all of his bills. He took out a pay day loan of $355 until he gets paid again in three weeks. His fee will be $55. What is the APR for this pay day loan?

1

The table represents the Tesla stock at the end of the day on March 7th. What was the closing price the previous day on March 6th?

1

Jade was on vacation in the Paris. Her wallet was stolen. Two of her credit cards were used for a total of $500 before she reported them stolen. How much is Jade responsible for?

1

Cassidy needed a loan to pay her bills. Moon Loans were going to loan her $250 with an interest fee of $45, and she would have three weeks to pay them back. What is the value of her APR for this payday loan?

1

Mr. Ruiz had these daily balances on his credit card for his last billing period. He did not pay the card in full the previous month, so he will have to pay a finance charge. The APR is 20.4%. What is his average daily balance?

seven days @ $678.90
Six days @$892.42
four days @$453.75
eight days @$665.41
six days @$725.67

1

Vanessa and her boo did not pay their whole balance for their credit card last month. They had an average daily balance of $758.25 and their monthly periodic rate was 2.3%. What was their finance charge?

1

Joseph bought an PS5 for $580 on an installment plan. He needs to give a 10% down payment and will make 10 monthly payments of $59. What is the interest he paid?

1

Mantago wants to borrow $10,000 to buy a used car. He examined his budget and decided that he can afford a payment of $200 a month. If his bank offers him an APR of 7.5%, how long should he borrow the money so he can afford his monthly payment?

1

Salma is taking out a 15 year loan for $67,000 with an APR of 4.87%. How much will her monthly payment be?

1

Jerry buys a $2,700 motorcycle on a deferred payment plan. There is no down payment and no interest for 18 months. Jerry must make a minimum payment of $75 a month. To avoid a retroactive APR of 21%, he must pay the balance in full before the 18 months has passed. If he pays $75 each month, how much should he pay the last month to avoid the interest charges?