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Home Aptitude Compound Interest See What Others Are Saying!
  • Question
  • Payments of $2000 and $1000 were originally scheduled to be paid one year and five years, respectively, from today. They are to be replaced by a $1500 payment due four years from today, and another payment due two years from today. The replacement stream must be economically equivalent to the scheduled stream. What is the unknown payment, if money can earn 7% compounded semiannually?


  • Options
  • A. 1548
  • B. 1348
  • C. 1648
  • D. 1748

  • Correct Answer
  • 1648 

    Explanation

    FV1 = Future value of $2000, 1 year later
    = PV (1+  i)^n

  • Tags: Bank Exams, Bank PO

    More questions

    • 1. 
      Three number are in the ratio 4 : 5 : 6 and their average is 25. The largest number is?

    • Options
    • A. 42
    • B. 36
    • C. 30
    • D. 32
    • Discuss
    • 2. 
      A card is drawn at random from a pack of 52 cards. A card is drawn at random. What is the probability that it is neither a heart nor a king?

    • Options
    • A. 4/13
    • B. 9/13
    • C. 2/13
    • D. 4/13
    • Discuss
    • 3. 
      If three caps are picked at random, what is the probability that two are red and one is green?

    • Options
    • A. 9/22
    • B. 6/19
    • C. 1/6
    • D. 3/22
    • Discuss
    • 4. 
      If three balls are picked at random, what is the probability that atleast one is red?

    • Options
    • A. 1/2
    • B. 7/12
    • C. 11/12
    • D. 1/5
    • Discuss
    • 5. 
      150 m long train running with the speed of 90 km/h to cross a bridge in 26 s .What is the length of the bridge?

    • Options
    • A. 500 m
    • B. 600 m
    • C. 659 m
    • D. 550 m
    • Discuss
    • 6. 
      If two caps are picked at random, what is the probability that both are blue?

    • Options
    • A. 1/6
    • B. 1/10
    • C. 1/12
    • D. None of these
    • Discuss
    • 7. 
      If two marbles are picked at random, what is the probability that either both are green or both are yellow?

    • Options
    • A. 5/91
    • B. 1/35
    • C. 1/3
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    • Discuss
    • 8. 
      3/5 of 4/7 of 7/9 of 425

    • Options
    • A. 121
    • B. 118
    • C. 113
    • D. 110
    • Discuss
    • 9. 
      A horse and a cow were sold for Rs. 12000 each. The horse was sold at a loss of 20% and the cow at a gain of 20%. The entire transaction resulted in?

    • Options
    • A. No loss or gain
    • B. Loss of Rs . 1000
    • C. Gain of Rs.. 1000
    • D. Gain of Rs. 2000
    • Discuss
    • 10. 
      A thief running at 8 km/h is chased by a policeman whose speed is 10 km/h. If the thief is 100 m ahead of the policeman, then the time required for the policeman to catch the thief will be

    • Options
    • A. 2 min
    • B. 3 min
    • C. 4 min
    • D. 6 min
    • Discuss


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