Financial Calculations – NBC Institute

BMF – Nov 2020 – L1 – SA – Q16 – Basics of Business Finance and Financial Markets

Calculate the present value of N12,000 received in one year at a 5% time preference rate.

Question

Assuming a 5% time preference rate, what is the present value of N12,000 received one year from now?
A. N11,428.80
B. N11,539.90
C. N12,428.80
D. N12,539.90
E. N13,528.80

Answer

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Tags: Financial Calculations, Present Value, Time Preference Rate
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: NOV 2020

SCS – July 2023 – L3 – Q5a – International financial management

Calculate the group profits from the sale of HVSC based on the transfer price set at market price and 25% of Utopia's unit cost.

Question

As the Head of Finance of SavvyTech plc, the Director of Finance and Operations has assigned you to use the forecast data (Table 8) and the “additional information” provided to calculate the following to support engagement by the management team with the Board.

Required:
Calculate the group profits to be realised from the sale of HVSC, if the transfer price for the component is set at its market price, which is GH¢26 per unit (total Ghana cost) plus 25% of Utopia’s unit cost.

Answer

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Tags: Financial Calculations, Group Profit, Taxation, Transfer Pricing
Level: Level 3

Topic: International financial management
Series: JULY 2023

BMF – May 2021 – L1 – SA – Q17 – Investment Decisions

Calculates the present value of N120,000 received two years from now at a time preference rate of 6.5%.

Question

Assuming a 6.5% time preference rate, what is the present value of N120,000 received two years from now?
A. ₦104,799.11
B. ₦105,799.11
C. ₦106,799.11
D. ₦107,799.11
E. ₦108,799.11

Answer

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Tags: Financial Calculations, Present Value, Time value of money
Level: Level 1

Topic: Investment Decisions
Series: MAY 2021

BMF – May 2021 – L1 – SA – Q16 – Basics of Business Finance and Financial Markets

Determines the effective rate for an account that pays 9.0% interest compounded monthly.

Question

What is the effective rate for an account that pays 9.0% compounded monthly?
A. 9.18%
B. 9.28%
C. 9.38%
D. 9.48%
E. 9.58%

Answer

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Tags: Compounded Interest, Effective Rate, Financial Calculations
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: MAY 2021

BMF – May 2021 – L1 – SA – Q15 – Basics of Business Finance and Financial Markets

Calculates the simple interest rate Blake will pay when borrowing N120,000 from Jerry and repaying N127,000 in 3 months.

Question

Blake wants to borrow N120,000 from Jerry. Blake is willing to pay back N127,000 in 3 months, what simple interest rate will he pay?
A. 21.33%
B. 22.33%
C. 23.33%
D. 24.33%
E. 25.33%

Answer

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Tags: Financial Calculations, Interest Rate, Simple Interest
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: MAY 2021

BMF – May 2021 – L1 – SA – Q14 – Basics of Business Finance and Financial Markets

Calculates the simple interest on a loan of N150,000 at 6% p.a. for 18 months.

Question

Brown borrowed N150,000 at 6% p/a simple interest for 18 months, what is the value of interest due at the end of the period?
A. N13,200
B. N13,500
C. N13,800
D. N14,000
E. N14,200

Answer

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Tags: Financial Calculations, Loan Repayment, Simple Interest
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: MAY 2021

BMF – Mar July 2020 – L1 – SA – Q9 – Basics of Business Finance and Financial Markets

Calculating the effective interest rate for an account with quarterly compounding.

Question

What will be the effective rate for an account that pays 8% compounded quarterly?
A. 5.21%
B. 6.24%
C. 7.21%
D. 8.24%
E. 9.21%

Answer

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Tags: Compound Interest, Effective Interest Rate, Financial Calculations
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: MAR/JULY 2020

BMF – Mar July 2020 – L1 – SA – Q8 – Basics of Business Finance and Financial Markets

Calculating interest earned on a deposit with compound interest.

Question

What is the amount of interest earned on a deposit of N245,000 for 8.5 years at 5.50% compounded semi-annually?
A. N123,570
B. N133,680
C. N143,570
D. N153,680
E. N155,680

Answer

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Tags: Compound Interest, Financial Calculations, Investment
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: MAR/JULY 2020

QT – Nov 2016 – L1 – Q4c – Mathematics of Business Finance

Calculate the semi-annual sinking fund deposit required to repay a loan after 5 years.

Question

Maame TorTor borrows GH¢3,000.00 and agrees to pay interest quarterly at an annual rate of 8%. At the same time, she sets up a sinking fund in order to repay the loan at the end of 5 years. The sinking fund earns interest at the rate of 6% compounded semi-annually.

Required:
Determine the size of each semi-annual sinking fund deposit. (5 marks)

Answer

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Tags: Compound Interest, Financial Calculations, Loan Repayment, Sinking Fund
Level: Level 1

Topic: Mathematics of Business Finance
Series: NOV 2016

QT – Nov 2016 – L1 – Q4b – Mathematics of Business Finance

Calculate the monthly amortization payments, total interest, and equity for a house loan at 9% interest over 25 years.

Question

Maame TorTor has just purchased a GH¢70,000.00 house and made a down payment of GH¢15,000.00.

Required:
i) Determine how much money is needed to amortize (i.e., pay monthly) the balance at a 9% interest rate compounded annually for 25 years. (5 marks)
ii) Determine the total interest for the 25 years. (2 marks)
iii) Determine after 20 years the equity she has in the house. (3 marks)

Answer

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Tags: Equity, Financial Calculations, Interest, Loan amortization
Level: Level 1

Topic: Mathematics of Business Finance
Series: NOV 2016

BMF – Nov 2020 – L1 – SA – Q16 – Basics of Business Finance and Financial Markets

Calculate the present value of N12,000 received in one year at a 5% time preference rate.

Question

Assuming a 5% time preference rate, what is the present value of N12,000 received one year from now?
A. N11,428.80
B. N11,539.90
C. N12,428.80
D. N12,539.90
E. N13,528.80

Answer

Find Related Questions by Tags, levels, etc.

Tags: Financial Calculations, Present Value, Time Preference Rate
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: NOV 2020

SCS – July 2023 – L3 – Q5a – International financial management

Calculate the group profits from the sale of HVSC based on the transfer price set at market price and 25% of Utopia's unit cost.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Financial Calculations, Group Profit, Taxation, Transfer Pricing
Level: Level 3

Topic: International financial management
Series: JULY 2023

BMF – May 2021 – L1 – SA – Q17 – Investment Decisions

Calculates the present value of N120,000 received two years from now at a time preference rate of 6.5%.

Question

Assuming a 6.5% time preference rate, what is the present value of N120,000 received two years from now?
A. ₦104,799.11
B. ₦105,799.11
C. ₦106,799.11
D. ₦107,799.11
E. ₦108,799.11

Answer

Find Related Questions by Tags, levels, etc.

Tags: Financial Calculations, Present Value, Time value of money
Level: Level 1

Topic: Investment Decisions
Series: MAY 2021

BMF – May 2021 – L1 – SA – Q16 – Basics of Business Finance and Financial Markets

Determines the effective rate for an account that pays 9.0% interest compounded monthly.

Question

What is the effective rate for an account that pays 9.0% compounded monthly?
A. 9.18%
B. 9.28%
C. 9.38%
D. 9.48%
E. 9.58%

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compounded Interest, Effective Rate, Financial Calculations
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: MAY 2021

BMF – May 2021 – L1 – SA – Q15 – Basics of Business Finance and Financial Markets

Calculates the simple interest rate Blake will pay when borrowing N120,000 from Jerry and repaying N127,000 in 3 months.

Question

Blake wants to borrow N120,000 from Jerry. Blake is willing to pay back N127,000 in 3 months, what simple interest rate will he pay?
A. 21.33%
B. 22.33%
C. 23.33%
D. 24.33%
E. 25.33%

Answer

Find Related Questions by Tags, levels, etc.

Tags: Financial Calculations, Interest Rate, Simple Interest
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: MAY 2021

BMF – May 2021 – L1 – SA – Q14 – Basics of Business Finance and Financial Markets

Calculates the simple interest on a loan of N150,000 at 6% p.a. for 18 months.

Question

Brown borrowed N150,000 at 6% p/a simple interest for 18 months, what is the value of interest due at the end of the period?
A. N13,200
B. N13,500
C. N13,800
D. N14,000
E. N14,200

Answer

Find Related Questions by Tags, levels, etc.

Tags: Financial Calculations, Loan Repayment, Simple Interest
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: MAY 2021

BMF – Mar July 2020 – L1 – SA – Q9 – Basics of Business Finance and Financial Markets

Calculating the effective interest rate for an account with quarterly compounding.

Question

What will be the effective rate for an account that pays 8% compounded quarterly?
A. 5.21%
B. 6.24%
C. 7.21%
D. 8.24%
E. 9.21%

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compound Interest, Effective Interest Rate, Financial Calculations
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: MAR/JULY 2020

BMF – Mar July 2020 – L1 – SA – Q8 – Basics of Business Finance and Financial Markets

Calculating interest earned on a deposit with compound interest.

Question

What is the amount of interest earned on a deposit of N245,000 for 8.5 years at 5.50% compounded semi-annually?
A. N123,570
B. N133,680
C. N143,570
D. N153,680
E. N155,680

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compound Interest, Financial Calculations, Investment
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: MAR/JULY 2020

QT – Nov 2016 – L1 – Q4c – Mathematics of Business Finance

Calculate the semi-annual sinking fund deposit required to repay a loan after 5 years.

Question

Required:
Determine the size of each semi-annual sinking fund deposit. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compound Interest, Financial Calculations, Loan Repayment, Sinking Fund
Level: Level 1

Topic: Mathematics of Business Finance
Series: NOV 2016

QT – Nov 2016 – L1 – Q4b – Mathematics of Business Finance

Calculate the monthly amortization payments, total interest, and equity for a house loan at 9% interest over 25 years.

Question

Maame TorTor has just purchased a GH¢70,000.00 house and made a down payment of GH¢15,000.00.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Equity, Financial Calculations, Interest, Loan amortization
Level: Level 1

Topic: Mathematics of Business Finance
Series: NOV 2016

Question Tag: Financial Calculations

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BMF – Nov 2020 – L1 – SA – Q16 – Basics of Business Finance and Financial Markets

Calculate the present value of N12,000 received in one year at a 5% time preference rate.

You're reporting an error for "BMF – Nov 2020 – L1 – SA – Q16 – Basics of Business Finance and Financial Markets"

SCS – July 2023 – L3 – Q5a – International financial management

Calculate the group profits from the sale of HVSC based on the transfer price set at market price and 25% of Utopia's unit cost.

You're reporting an error for "SCS – July 2023 – L3 – Q5a – International financial management"

BMF – May 2021 – L1 – SA – Q17 – Investment Decisions

Calculates the present value of N120,000 received two years from now at a time preference rate of 6.5%.

You're reporting an error for "BMF – May 2021 – L1 – SA – Q17 – Investment Decisions"

BMF – May 2021 – L1 – SA – Q16 – Basics of Business Finance and Financial Markets

Determines the effective rate for an account that pays 9.0% interest compounded monthly.

You're reporting an error for "BMF – May 2021 – L1 – SA – Q16 – Basics of Business Finance and Financial Markets"

BMF – May 2021 – L1 – SA – Q15 – Basics of Business Finance and Financial Markets

Calculates the simple interest rate Blake will pay when borrowing N120,000 from Jerry and repaying N127,000 in 3 months.

You're reporting an error for "BMF – May 2021 – L1 – SA – Q15 – Basics of Business Finance and Financial Markets"

BMF – May 2021 – L1 – SA – Q14 – Basics of Business Finance and Financial Markets

Calculates the simple interest on a loan of N150,000 at 6% p.a. for 18 months.

You're reporting an error for "BMF – May 2021 – L1 – SA – Q14 – Basics of Business Finance and Financial Markets"

BMF – Mar July 2020 – L1 – SA – Q9 – Basics of Business Finance and Financial Markets

Calculating the effective interest rate for an account with quarterly compounding.

You're reporting an error for "BMF – Mar July 2020 – L1 – SA – Q9 – Basics of Business Finance and Financial Markets"

BMF – Mar July 2020 – L1 – SA – Q8 – Basics of Business Finance and Financial Markets

Calculating interest earned on a deposit with compound interest.

You're reporting an error for "BMF – Mar July 2020 – L1 – SA – Q8 – Basics of Business Finance and Financial Markets"

QT – Nov 2016 – L1 – Q4c – Mathematics of Business Finance

Calculate the semi-annual sinking fund deposit required to repay a loan after 5 years.

You're reporting an error for "QT – Nov 2016 – L1 – Q4c – Mathematics of Business Finance"

QT – Nov 2016 – L1 – Q4b – Mathematics of Business Finance

Calculate the monthly amortization payments, total interest, and equity for a house loan at 9% interest over 25 years.

You're reporting an error for "QT – Nov 2016 – L1 – Q4b – Mathematics of Business Finance"

BMF – Nov 2020 – L1 – SA – Q16 – Basics of Business Finance and Financial Markets

Calculate the present value of N12,000 received in one year at a 5% time preference rate.

You're reporting an error for "BMF – Nov 2020 – L1 – SA – Q16 – Basics of Business Finance and Financial Markets"

SCS – July 2023 – L3 – Q5a – International financial management

Calculate the group profits from the sale of HVSC based on the transfer price set at market price and 25% of Utopia's unit cost.

You're reporting an error for "SCS – July 2023 – L3 – Q5a – International financial management"

BMF – May 2021 – L1 – SA – Q17 – Investment Decisions

Calculates the present value of N120,000 received two years from now at a time preference rate of 6.5%.

You're reporting an error for "BMF – May 2021 – L1 – SA – Q17 – Investment Decisions"

BMF – May 2021 – L1 – SA – Q16 – Basics of Business Finance and Financial Markets

Determines the effective rate for an account that pays 9.0% interest compounded monthly.

You're reporting an error for "BMF – May 2021 – L1 – SA – Q16 – Basics of Business Finance and Financial Markets"

BMF – May 2021 – L1 – SA – Q15 – Basics of Business Finance and Financial Markets

Calculates the simple interest rate Blake will pay when borrowing N120,000 from Jerry and repaying N127,000 in 3 months.

You're reporting an error for "BMF – May 2021 – L1 – SA – Q15 – Basics of Business Finance and Financial Markets"

BMF – May 2021 – L1 – SA – Q14 – Basics of Business Finance and Financial Markets

Calculates the simple interest on a loan of N150,000 at 6% p.a. for 18 months.

You're reporting an error for "BMF – May 2021 – L1 – SA – Q14 – Basics of Business Finance and Financial Markets"

BMF – Mar July 2020 – L1 – SA – Q9 – Basics of Business Finance and Financial Markets

Calculating the effective interest rate for an account with quarterly compounding.

You're reporting an error for "BMF – Mar July 2020 – L1 – SA – Q9 – Basics of Business Finance and Financial Markets"

BMF – Mar July 2020 – L1 – SA – Q8 – Basics of Business Finance and Financial Markets

Calculating interest earned on a deposit with compound interest.

You're reporting an error for "BMF – Mar July 2020 – L1 – SA – Q8 – Basics of Business Finance and Financial Markets"

QT – Nov 2016 – L1 – Q4c – Mathematics of Business Finance

Calculate the semi-annual sinking fund deposit required to repay a loan after 5 years.

You're reporting an error for "QT – Nov 2016 – L1 – Q4c – Mathematics of Business Finance"

QT – Nov 2016 – L1 – Q4b – Mathematics of Business Finance

Calculate the monthly amortization payments, total interest, and equity for a house loan at 9% interest over 25 years.

You're reporting an error for "QT – Nov 2016 – L1 – Q4b – Mathematics of Business Finance"

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