Applied Math 4th Quarter Pre/Post Test

Instructions: DO NOT WRITE ON THIS TEST. DO YOUR BEST.

1) Darrell Morris, single plan. PPO annual premium: $5,060. Employer pays 75 percent. Find the employees total
annual contribution. What is the employees monthly deduction?
a) $105.42 b) $150.40 c) $15.42 d) $142.50

Figure 11.1 Use this table for the questions below.

Use Figure 11.1. Single, Non-Network. Co-payments: 28 physician visits, 11 specialist visits, physical therapy at $65
each, and 1 emergency room. Co-insurance: 14 home health care visits at $55 each, and $17,394 of hospital charges.

2) Find the deductible.

a) $200 b) $300 c) $600 d) $900

3) Find the co-payment amount.

a) $1,000.00 b) $1,010.00 c) $1,020.00 d) $1,040.00

4) Find the co-insurance amount.

a) $145.00 b)$144.00 c) $154.00 d) $514.00

5) Find the hospital charges.

a) $5,218.20 b) $5,812.20 c) $2,518.20 d) $2,185.20

6) Find the total amount paid by the insured.

a) $7,062.20 b) $6,072.20 c) $2,067.00 d) $7,620.00

Figure 11.2. Use this table for question #7.

7) Use Figure 11.2. Paul Lopez has a 5-year term life insurance policy with $125,000 coverage. He is 50 years old. What
is his annual premium?
a) $700 b) $710 c) $720 d) $730

Figure 11.3. Use this table for the question below.

8) Use Figure 11.3. Gretchen is 30 years old. She wants to purchase a whole life insurance policy valued at $150,000.
What is her annual premium?
a) $1,287.00 b) $1,387.50 c) $ 1, 783.50 d) $1,478.50

9) Trey invests $5,000 in a 1-year certificate of deposit that earns interest at an annual rate of 4 percent compounded
monthly. The amount per $1.00 is 1.040742. How much interest will he earn at the end of one year?
a) $2,142.00 b) $1,500.07 c) $56.09 d) $203.71

10) Christina invested $8,000 in a certificate deposit for 4 years. The certificate earns interest at an annual rate of 8.25
percent compounded quarterly. The amount per $1.00 is 1.085088. What is the effective annual yield?
a) 3.630% b) 7.032% c) 8.509% d) 2.143%

11) Abigail purchased 200 shares of stock at $11.58 per share. Her online stock-broker charged her a $12.50 commission.
What is the total amount that she paid for the stock?
a) $1,547.20 b) $2,328.50 c) $2,154.54 d) $2,316.00

12) Michelle bought 30 shares of James Company stock at $34 per share. The company paid annual dividends of $0.42
per share. What is the total annual dividend?
a) $9.78 b) $12.60 c) $1.69 d) $11.97

13) Bought 375 shares of stock and paid a total of $4,252.50. Sold at $14.90 per share. Paid a commission of $39 for each
transaction. What is the profit or loss?
a) $1,335 profit b) $1,328 loss c) $1,194 profit d) $1,278 loss

14) Jarell purchased a $2,000 bond at the quoted price of 75 . The bond paid interest at a rate of 6 percent. What is the
annual yield?
a) $65 b) $120 c) $75 d) $4,589.14

15) Maya purchased a $3,500 bond at the quoted price of 80 . The bond paid interest at a rate of 7 percent. What is the
cost of the bond?
a) $8,251.30 b) $5,656.11 c) $2,817.50 d) $4,589.14