A4 refers to the cell in column “A” and row 4.17

Question 1A4 refers to the cell in column “A” and row 4.17Select one: True FalseQuestion 2The cell reference \$A\$7 would change to which of the following when copied from cell B12 to cell C13?Select one: A. \$A\$8 B. \$B\$7 C. \$B\$8 D. It wouldn’t changeQuestion 3The formula for the quarterly payment on a \$13,000 5 year car loan is (13000,7.5%/4,60) if the yearly interest rate is 7.5% compounded monthly.Select one: True FalseQuestion 5The formula for the monthly payment on a \$13,000 5 year car loan is (13000,9.5%/12,60) if the yearly interest rate is 9.5% compounded monthly.Select one: True FalseQuestion 6The formula for the future value of \$100 in one year at 12% APR, (compounded annually) is (.12,1,0,100)Select one: True FalseQuestion 8At the beginning of each year you deposit \$5,000 in an IRA, with an APR of 12% compounded annually. How much will be in the account when you retire in 30 years?Select one: A. 1,206,663.42 B. 1,800,005 C. 1,351,463.03 D. Correct answer not shownQuestion 9The formula to calculate the future value of a five year annual annuity due of \$200 at 12% APR compounded annually is: (.12,5,200,1).Select one: True FalseQuestion 10What is the future value of \$10,000 in ten years at 8% APR compounded monthly?Select one: A. 16,288.95 B. 22,196.40 C. 24,136.33 D. Correct answer not shownQuestion 11How much do you invest now so that you will have \$1,000,000 when you retire in 20 years. The interest rate is 15%, compounded monthly.Select one: A. 61,100.28 B. 50,721.53 C. 9,761.47 D. 76,889.48Question 12You borrowed \$10,000 to buy a car at 12% APR compounded quarterly. You are making quarterly payments for five years. You just made the first payment and decided you want to sell the car and pay off the loan. How much do you own on the loan if you pay it off immediately after making the first payment?Select one: A. 8,425.90 B. 9,627.84 C. 9,327.84 D. Correct answer not shownQuestion 13You can afford a car payment of \$500 a month for 3 years. The interest rate is 9% APR compounded monthly. How much can you afford to borrow?Select one: A. 20,576.36 B. 18,000.00 C. 20,730.68 D. Correct answer not shownQuestion 14The present value of a 15 year annual annuity due payment of \$1,000 at 15% is:Select one: A. \$47,580.41 B. \$54,717.47 C. \$5,847.37 D. \$6,724.48Question 15Assume you have a spreadsheet with the value of 10 in A1 and the value of 15 in A2. The IF statement in A3 of:(A1>A2,A2*2,A1*3) will result in what value?Select one: A. 10 B. 15 C. 30 D. 45 E. None of the answers are correct.

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