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NEW QUESTION: 1
How much would you have in a savings account 12 months from now if you start with a balance of $3,000 today, make a deposit of $1,000 in 6 months and make another deposit 6 months after that of $500?
Assume that interest accrues at 6% per year, compounded monthly.
A. $2,500.00
B. $4,715.41
C. $4,777.55
D. $4,684.42
E. $4,500.00
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Find the answer to this question by solving a couple of compound interest problems. Move the $3,000 to month 12, then move the $1,000 forward 6 months to month 12, then add $500. On the BAII Plus, press 12 N, 6 divide 12 = I/Y, 3000 PV, 0 PMT, CPT PV. Then press STO 1. Then press 6 N, 1000 PV, CPT FV.
Then press + RCL 1 =. Make this number positive by pressing +/- and then press + 500 = to see the answer. On the HP12C, press 12 N, 6 ENTER 12 divide i, 3000 PV, 0 PMT, FV. Then press STO 1. Then press 6 N, 1000 PV, FV. Then press RCL 1 +. Make this number positive by pressing CHS and then press
500 + to see the answer. Make sure that the BAII Plus has the value of P/Y set to 1.
NEW QUESTION: 2
To distinguish IT assets from other types of assets, administrators define a top-level IT asset class in which application?
A. Classifications
B. Organizations
C. Assets
D. Sets
Answer: A
Explanation:
Reference:http://pic.dhe.ibm.com/infocenter/tivihelp/v58r1/index.jsp?topic=%2Fcom.ibm.sccd.insw l.doc%2Fsccd_install%2Ft_specify_toplevel_class_IT_assets_software.html
NEW QUESTION: 3
If A and B are two different integers, is A/B even?
(1) A is prime.
(2) B is prime.
A. Statement (1) BY ITSELF is sufficient to answer the question, but statement (2) by itself is not.
B. Either statement BY ITSELF is sufficient to answer the question.
C. Statement (2) BY ITSELF is sufficient to answer the question, but statement (1) by itself is not.
D. Statements (1) and (2) TAKEN TOGETHER are sufficient to answer the question, even though NEITHER statement BY ITSELF is sufficient.
E. Statements (1) and (2) TAKEN TOGETHER are NOT sufficient to answer the question, requiring more data pertaining to the problem.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Each statement alone is insufficient since each statement refers to one variable only.
(1) and (2) together are sufficient since dividing any two different primes will never result in an integer. A prime is a number that has exactly two natural divisors, 1, and itself and is therefore not divisible by any other integer.
NEW QUESTION: 4
Section A (1 Mark)
Income received in India in previous year is taxable in the hands of:
A. Resident;
B. Non-Resident;
C. All above.
D. Non ordinarily resident;
Answer: C
