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Test Bank For Engineering Economics Financial Decision Making For Engineers Canadian 6th Edition by Fraser Jewkes Jewkes ISBN 0133405532 9780133405538
Test Bank For Engineering Economics Financial Decision Making For Engineers Canadian 6th Edition by Fraser Jewkes Jewkes ISBN 0133405532 9780133405538
Test Bank For Engineering Economics Financial Decision Making For Engineers Canadian 6th Edition by Fraser Jewkes Jewkes ISBN 0133405532 9780133405538
1) What makes one dollar in the future less desirable than one dollar today?
A) variable interest rate
B) a forgone opportunity of investment
C) a diminishing purchasing power of money over time
D) a growing inflation
E) accumulated welfare of people
Answer: B
Diff: 1 Type: MC Page Ref: 20
Topic: 2.2. Interest and Interest Rates
Skill: Recall
Type: Qualitative
3) Bill wants to buy a new car in three years from now. He expects that the price of a car will
be $15 000 in three years. How much money should Bill put in his savings account now if a
bank pays 5% interest rate on this account?
A) $11 629
B) $12 104
C) $12 958
D) $13 465
E) $14 286
Answer: C
Diff: 2 Type: MC Page Ref: 21
Topic: 2.3. Compound and Simple Interest
Skill: Applied
Type: Quantitative
1
© 2017 Pearson Canada Inc.
4) Milo has just inherited $6 500 and immediately spent the money purchasing an investment
certificate. He decided to use the investment certificate to finance his return to the university
that he left because of the financial problems at the time. Milo calculated that the interest rate
the bank would pay on his investment certificate would allow him to accumulate the $7 600 he
would need over 4 years. What interest rate does the bank pay?
A) 2.0 B)
2.5 C) 3.0
D) 3.5 E)
4.0
Answer: E
5) It is known that the total interest paid over a 5-year period is $2 081.13. What was
the principal amount borrowed at a 6% nominal interest rate compounded quarterly?
A) $3 000
B) $4 000
C) $5 000
D) $6 000
E) $7 000
Answer: D
Diff: 3 Type: MC Page Ref: 26-27
Topic: 2.3. Compound and Simple Interest
Skill: Applied
Type: Quantitative
2
© 2017 Pearson Canada Inc.
7) Your credit card statement says that your card charges 0.0562% interest per day. What is
the actual interest rate per year?
A) 11.6%
B) 14.5%
C) 18.3%
D) 20.1%
E) 22.8%
Answer: E
Diff: 2 Type: MC Page Ref: 26
Topic: 2.4. Effective and Nominal Interest Rates
Skill: Applied
Type: Quantitative
8) If an interest rate is 18% per year, what is the equivalent interest rate per quarter?
A) 3.8%
B) 4.5% C)
4.8% D)
6.2% E)
8.6%
Answer: B
Diff: 2 Type: MC Page Ref: 25
Topic: 2.4. Effective and Nominal Interest Rates
Skill: Applied
Type: Quantitative
9) How many compounding periods are needed to obtain an effective interest rate of 25% if the
interest rate per sub-compounding period is 1.88%?
A) 13 B)
12 C) 11
D) 10 E) 9
Answer: B
3
© 2017 Pearson Canada Inc.
10) Bill deposits $100 to his savings account biweekly. His savings account pays a nominal
interest rate of 5% per year, compounded every six months. What is his savings account's
effective interest rate for a 6-month period?
A) 2.1%
B) 2.5% C)
3.2% D)
4.2% E)
5.1%
Answer: B
Diff: 2 Type: MC Page Ref: 64
Topic: 2.4. Effective and Nominal Interest Rates
Skill: Applied
Type: Quantitative
11) What does a cash flow diagram of a project represent?
A) summary of benefits and costs of a project
B) summary of the timing and magnitude of payments and receipts as they occur over
time C) magnitude of cash flows at a given period of time
D) summary of present, future, and annual worths of a project
E) change in value of money at different interest rates at various compounding
periods Answer: B
Diff: 2 Type: MC Page Ref: 29-31
Topic: 2.6. Cash Flow Diagrams
Skill: Recall
Type: Qualitative
4
© 2017 Pearson Canada Inc.
Another document from Scribd.com that is
random and unrelated content:
“If the death occurred in a tent, the poles are removed,
allowing it to settle down over the site, and it is never used again,
but rots or is finally blown away. If the death occurred in an igloo,
it is vacated and not used again for a long time.
“The relatives of the deceased must observe certain
formalities in regard to clothing and food for a certain time; the
name of the dead person is never spoken, and any other members
of the tribe who have the same name must assume another until
the arrival of an infant, to which the name can be applied, removes
the ban.
“Of religion, properly speaking, they have none. The nearest
approach to it is simply a collection of miscellaneous superstitions
and beliefs in good and evil spirits. It may be said, in relation to
this latter subject, that information in regard to it is extremely
difficult to obtain, and probably, the bottom facts of the matter
will be known only when some enthusiast is willing to devote five
or six years of his time to living with them and doing as they do,
becoming in fact, one of them.
“Their amusements are few. In summer there are tests of
strength between the young men of the tribe, consisting of
wrestling, pulling, lifting, and a rude kind of boxing. In winter the
sole amusements are marital pleasures, and the songs and
improvisations of the angakoks, or medicine men, of the tribe. In
the choruses of these the entire assembled company join.”
At these choruses which are sometimes all-night affairs, a sort
of tambourine is used to keep time to the “music.” It is made of
membrane from the throat of a walrus, stretched across the
antlers of a reindeer. Dancing is practised only among some of the
southerly Greenland folk. These people, without impediment of
clothing are often charmingly graceful; and like negroes, are
indefatigable.
I have often been asked: Of what use are Eskimos to the
world? They are too far removed to be of value in commercial
enterprises, and furthermore they lack ambition. They have no
literature, nor, properly speaking, any art. They value life only as
does a fox, or a bear, purely by instinct.
But, let us not forget that these people, trustworthy and
hardy, will yet prove their value to mankind. With their help, the
world shall discover the Pole.
CENSUS OF THE SMITH SOUND ESKIMOS[6]
SEPTEMBER, 1906
R.E.P.
6. Names of males in italic, females in roman.
INDEX
Abruzzi’s “farthest,” 97
highest, 126
Adams, Mt., Bluffs of, 26
Ahmah, Merktoshah’s wife, 259
Ahngmalokto, 115
“Ahnighito,” meteorite brought home, 295
Ahsayoo, 323
Albert and Polaris, channels navigated, 50
Aldrich’s “farthest,” 174, 188, 190
Almy boilers, 18
Appearance of glacier, see Ice
Arctic autumn night, 57
Arctic, beginning of winter, 47, 48
canons of navigation, 39
Circle, 178
Circle crossed, 19
day, 16
exploration, its main purpose, 295
ice, from Cape Sabine to Grant Land, 30
life at Godhavn, 20
library, 11
maps, 11
perfect summer night, 20
purple flowers, grass, moss, 195
summer, end of, 47
night;
surface of Inglefield Gulf;
ice;
icebergs and glaciers;
slopes of the “great ice”;
red-brown bluffs, 26
ship, main work of, 362
power of, 364
wood essential in construction of, 365
terns, 226
three degrees beyond Arctic Circle;
keen breeze, aspect of water;
aspect of cliffs of Disco, 20;
“Ultima Thule,” 326
winter, 317
Alert, winter quarters of, 49
Assizes Harbour, 275
Attainment of the Pole, x
Anoritok, 259
Aurora, seen while lying at Domino Run, 17
Autumn, work of, 299
Nain, 272
Nansen, 126
Nansen’s Strait, 202
Nordenskjold Inlet, 324
Nares Land, 150
Narksami, 266
Narwhal, 250
school of, 43
National Geographic Society, vii
Hubbard Medal of, vii
Natives, property of, see Eskimos
report of Melville Bay, 269
taken on board, see Eskimos
Navy Department, leave of absence granted Com. Peary, 295
Neptune, Canadian Government Steamer, 4
Newfoundland, ice, pilots, 5
Newman Bay, 321
New land, 195
Nicaragua, 6
North Coast Mts., 330
North Pole, value of attainment, x
Norwegians, 359
and Americans, 360
Nungwoodie, the gray dog, 228
Sabine, Cape, 5
St. George, Cape, 15 fiord, 162
St. Mary’s school ship, 6
St. Paul’s Light, 12
Sandpiper, 187, 189
Saunders Island, 266
Scotch, 359
Scotchmen, 360
Sea, 18
East Greenland, 148
ice, 203
attempt to sledge over, 298