Using an exchange rate of 1 AUD = 0.8 USD, convert 500 AUD into USD
400 USD
100
How much money doe you have in an account with a simple interest of 5.4% for 5 years if you initially deposited $200?
$254
100
You arrive in Thailand with 275 USD, how many Thai Baht do you receive?
8,490.08 Thai Baht
100
How much in commission is charged in USD when you exchange $560 USD to Canadian Dollars at a commission rate of 1.2%?
$6.72 USD
100
What’s the effective rate of an account that gives a rate of 5.1% compounded daily?
5.23%
200
Using the table on page 458. Convert 450 USD to CNY.
3072.06
200
$14,000 is invested at 6% p.a. compounded monthly. Calculate the total value of the investment after 5 years, giving your answer correct to 2 decimal places.
$18,883.90
200
You arrive to The US with 200 Japanese Yen, how many USD do you receive?
$2.20 USD
200
A bank in Scotland offers the following rates for changing 1 GBP to 1.587 CAD. You have 3000 GBP. If 3.2% commission is charged, how many CAD do you receive?
4,608.648 CAD
200
What’s the effective rate of an account that has a rate of 6.7% compounded annually?
6.7%
300
The exchange rate between Europe and China is 1 Euro to 7.99 Chinese Yuan. How many Euros can you buy with 650 Chinese Yuan?
81.35 Euros
300
An account compounds monthly for 4 years. How many times was it compounded?
48 times
300
How many USD can you buy for 19 Euro?
$27.86 USD
300
You exchange $50 USD into Pounds. The broker charges 3% commission. How many pounds do you receive if the exchange rate is .689 GBP = 1 USD
33.42 GBP
300
An account with a nominal rate of 4.5% compounded daily is equal to what rate compounded annually?
4.60%
400
Using the table on page 458 What is worth more? 200 CNY or 960 TWD?
960 TWD is worth more
400
How much interest is earned if $8800 are placed in an account that pays 4.5% p.a. compounded monthly for 3.5 yrs?
$1,498.08
400
Find the cost in USD of 4910 Swiss Francs.
$4,775.80 USD
400
The exchange rate from Japanese Yen to Australian dollars is 1: 0.01106. How many Australian dollars would be received for changing 60,000 Yen to Australian dollars if the commission is 1.5%?
652.65 AUD
400
Which is the best option: A nominal rate of 6%, compounded annually? or A nominal rate of 5.94% compounded quarterly?
A nominal rate of 5.94% compounded quarterly.
500
A broker gives an exchange rate of 1 Brazilian Real for 2.87 Danish Krones. How many Brazilian Reals is 1 Danish Krone worth?
0.348 Brazilian Reals
500
You put $3000 into an account with a simple interest of 5.6% for 4 years. How much interest did you earn?
$672
500
You start with 300 USD and convert them to Swedish Kronors. After converting them though, you immediately have to go back to USD. How many USD do you get?
$288 USD
500
A broker exchanges 1 Danish Krone for 1.071 Chinese Yuan. If you exchanged 400 Chinese Yuan to Krones and received 366 Danish Krones, what was the percent commission charged?
2%
500
An effective rate of 7% interest compounded annually is equal to what rate compounded weekly?