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FIN 501 Exam Details

The document provides information about the FIN 501 mid-semester exam for various campus locations. It notes that the exam will cover topics 1-4 and will be in the form of 10 calculation questions testing personal savings, corporate savings, GDP, interest rate determination, currency conversion, and simple and compound interest calculations. It also provides the exam date, time and location for each campus and notes that student ID will be required for entry and non-programmable calculators are allowed. Finally, it includes a formula sheet for topics covered on the exam.

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Saaliha Saabira
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127 views2 pages

FIN 501 Exam Details

The document provides information about the FIN 501 mid-semester exam for various campus locations. It notes that the exam will cover topics 1-4 and will be in the form of 10 calculation questions testing personal savings, corporate savings, GDP, interest rate determination, currency conversion, and simple and compound interest calculations. It also provides the exam date, time and location for each campus and notes that student ID will be required for entry and non-programmable calculators are allowed. Finally, it includes a formula sheet for topics covered on the exam.

Uploaded by

Saaliha Saabira
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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FIN 501: MID – SEMESTER EXAM

Campus Day Time Room


Day-Thursday (05/05/2022) 1-3pm Main Hall
Nasinu
Monday (02/05/2022) 6-8pm H203
(Nasinu evening students if you have a issue with either of these slots then please contact your
evening lecturer for advise)
       
Namaka Monday (02/05/2022) 10-12pm H29/H33
       
Ba Monday (02/05/2022) 10-12pm C303
       
Labasa Monday (02/05/2022) 10-12pm Room 1/2

Note: bring your student ID card to the exam venue for verification purposes
and all phones will have to be switched off during the exam as such you have to
bring along a non-programmable calculator for calculation purposes (no
borrowings will be allowed while the exam will be in progress).
Mid – Semester Exam Format – (Coverage: Topics 1-4)

QUESTION MARKS TIME

10 Calculation questions (no theory)


 Q1- Personal Savings (Topic 2)
 Q2 - Corporate Savings (Topic 2)
 Q3– GDP (Topic 2)
50 2 hrs
 Q4 – Q6 –Interest rate determination (Topic 3)
 Q7 – currency conversion (Topic 2)
 Q8 - simple interest – single sum (Topic 4)
 Q9 - Compound interest – single sum (Topic 4)
 Q10 - effective annual rate – single sum (Topic 4)
(note: no annuities or unequal sum is tested here)

Note: the best tool for revision is your lecture notes and your tutorials
(Formula sheet will be provided during the exam; a copy is provided below for your reference)

FORMULAS

1. Personal Saving = Personal Income – Personal Current Taxes – Personal Outlays

2. Savings Rate = (Personal Savings)/ (Disposable Personal Income)

3. Undistributed profits = Profits before taxes - tax liabilities - dividends

4. Retention Rate = (Undistributed Profits)/ (Profits After Taxes)

5. Gross Domestic Product: GDP = PCE + GE + GPDI + NE

6. Risk Free Rate of Interest: RF = RR + IP

7. Nominal Interest Rate: r = RR + IP + DRP + MRP + LP

8. Simple Interest Rate FV = PV x [1 + (i x n) PV = FV/[1+ (i x n)

9. Compound Interest Rate FV = PV (1 + r)n PV = FV / (1 +r)n

10. APR = r x n; EAR= (1 + r)n – 1

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