12/3/23, 8:34 PM Quiz 02 - Time value of money: Attempt review

Đã bắt đầu vào Thứ năm, 23 Tháng hai 2023, 10:52 AM

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Hoàn thành vào Thứ năm, 23 Tháng hai 2023, 11:01 AM
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Thời gian thực 8 phút 57 giây
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Câu hỏi 1
Hoàn thành

Chấm điểm của 1,00

In a growing midwestern town, the number of eating establishments at the end of each of the last five years are as follows:
Year 1 = 273
Year 2 = 279
Year 3 = 302
Year 4 = 320
Year 5 = 344
If the town’s population was 90,000 at the end of year 5, and the population grew at the same annual rate as the number of eating
establishments between the end of year 1 and the end of year 5, what was the town’s population at the end of year 1?

Chọn một:
a. 71,423
b. 61,433
c. 51,223
d. 31,723
e. 41,333

Câu hỏi 2
Hoàn thành

Chấm điểm của 1,00

You have $200 in an account which pays 5% compound interest. How much additional dollars of interest would you earn over 6 years if you
moved the money to an account earning 6%?

Chọn một:
a. $18.93
b. $22.88
c. $24.94
d. $11.89
e. $15.68

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12/3/23, 8:34 PM Quiz 02 - Time value of money: Attempt review

Câu hỏi 3
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Chấm điểm của 1,00

You will receive a $250,000 inheritance in 25 years. You can invest that money today at 8% compounded annually. What is the present value of
your inheritance?

Chọn một:
a. $ 29,767.15
b. $100,000.00
c. $ 36,504.48
d. $ 65,492.34
e. $ 17,491.53

Câu hỏi 4
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Chấm điểm của 1,00

Homer promises Bart that he will give him $8,000 upon his graduation from college at Springfield U. How much must Homer invest today to
make good on his promise, if Bart is expected to graduate in 13 years and Homer can earn 6% on his money?

Chọn một:
a. $3,235.32
b. $4,881.11
c. $5,979.28
d. $5,012.88
e. $3,750.71

Câu hỏi 5
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Chấm điểm của 1,00

An insurance company promises to pay Jane $1 million on her 65th birthday in return for a one-time payment of $125,000 today. (Jane just
turned 30.) At what rate of interest would Jane be indifferent between accepting the company’s offer and investing the premium on her own?

Chọn một:
a. 4.5%
b. 5.1%
c. 7.2%
d. 3.4%
e. 6.1%

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12/3/23, 8:34 PM Quiz 02 - Time value of money: Attempt review

Câu hỏi 6
Hoàn thành

Chấm điểm của 1,00

An account was opened with $1,000 three years ago. Today, the account balance is $1,157.63. If the account earns a fixed annual interest rate,
how long will it take until the account has earned a total of $225 in simple interest?

Chọn một:
a. Between two and three more years.
b. Between four and five more years.
c. Between one and two more years.
d. Between three and four more years.
e. Less than one more year.

Câu hỏi 7
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Chấm điểm của 1,00

An account was opened with $2,000 10 years ago. Today, the account balance is $3,500. If the account paid interest compounded annually,
how much interest on interest was earned?

Chọn một:
a. $1,152
b. $1,500
c. $ 521
d. $ 348
e. $ 706

Câu hỏi 8
Hoàn thành

Chấm điểm của 1,00

In a growing midwestern town, the number of eating establishments at the end of each of the last five years are as follows:
Year 1 = 273
Year 2 = 279
Year 3 = 302
Year 4 = 320
Year 5 = 344
From the end of year 1 to the end of year 5, the number of eating establishments grew at a rate of __________ compounded annually.

Chọn một:
a. 8.25%
b. 3.45%
c. 4.15%
d. 6.75%
e. 5.95%

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12/3/23, 8:34 PM Quiz 02 - Time value of money: Attempt review

Câu hỏi 9
Hoàn thành

Chấm điểm của 1,00

You need $3,000 to buy a new stereo for your car. If you have $1,200 to invest at 6% compounded annually, how long will you have to wait to
buy the stereo?

Chọn một:
a. 8.42 years
b. 14.58 years
c. 11.60 years
d. 15.73 years
e. 6.58 years

Câu hỏi 10
Hoàn thành

Chấm điểm của 1,00

You are choosing between investments offered by two different banks. One promises a return of 10% for three years using simple interest
while the other offers a return of 10% for three years using compound interest. You should:

Chọn một:
a. Choose the compound interest option only if you are investing less than $5,000.
b. Choose the simple interest option only if compounding occurs more than once a year.
c. Choose the compound interest option only if the compounding is for monthly periods.
d. Choose the compound interest option because it provides a higher return.
e. Choose the simple interest option because both have the same basic interest rate.

Câu hỏi 11
Hoàn thành

Chấm điểm của 1,00

An account paying annual compound interest was opened with $2,000 10 years ago. Today, the account balance is $3,500. If the same interest
rate is offered on an account paying simple interest, how much income would be earned over the same time period?

Chọn một:
a. $1,152
b. $1,719
c. $1,500
d. $ 862
e. $ 576

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12/3/23, 8:34 PM Quiz 02 - Time value of money: Attempt review

Câu hỏi 12
Hoàn thành

Chấm điểm của 1,00

Your parents agree to pay half of the purchase price of a new car when you graduate from college. You will graduate and buy the car two years
from now. You have $9,000 to invest today and can earn 12% on invested funds. If your parents match the amount of money you have in two
years, what is the maximum you can spend on the new car?

Chọn một:
a. $19,250
b. $11,290
c. $15,000
d. $ 7,260
e. $22,579

Câu hỏi 13
Hoàn thành

Chấm điểm của 1,00

In a growing midwestern town, the number of eating establishments at the end of each of the last five years are as follows:
Year 1 = 273
Year 2 = 279
Year 3 = 302
Year 4 = 320
Year 5 = 344
If, over the next five years, eating establishments are expected to grow at the same rate as they did during year 5, forecast the number of
eating establishments at the end of year 10.

Chọn một:
a. 555
b. 494
c. 510
d. 534
e. 629

Câu hỏi 14
Hoàn thành

Chấm điểm của 1,00

Fresh out of college, you are negotiating with your prospective new employer. They offer you a signing bonus of $1,000,000 today or a lump
sum payment of $1,250,000 three years from now. If you can earn 7% on your invested funds, which of the following is true?

Chọn một:
a. Take the signing bonus because it has the higher future value.
b. Based on these numbers, you are indifferent between the two.
c. Take the lump sum because it has the higher present value.
d. Take the lump sum because it has the lower future value.
e. Take the signing bonus because it has the lower present value.

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12/3/23, 8:34 PM Quiz 02 - Time value of money: Attempt review

Câu hỏi 15
Hoàn thành

Chấm điểm của 1,00

Given r and t greater than zero:

I. Present value interest factors are less than one.
II. Future value interest factors are greater than one.
III. Present value interest factors are greater than future value interest factors.
IV. Present value interest factors grow as t grows, provided r is held constant.

Chọn một:
a. I and IV only
b. II and IV only
c. II and III only
d. I only
e. I and II only

Câu hỏi 16
Hoàn thành

Chấm điểm của 1,00

An account was opened with an investment of $2,000 10 years ago. The ending balance in the account is $3,500. If interest was compounded
annually, what rate was earned on the account?

Chọn một:
a. 5.76%
b. 4.81%
c. 3.95%
d. 3.22%
e. 2.66%

Câu hỏi 17
Hoàn thành

Chấm điểm của 1,00

What is the future value of $15,000 received today if it is invested at 7.5% compounded annually for five years?

Chọn một:
a. $15,133.35
b. $17,476.42
c. $24,521.75
d. $28,374.89
e. $21,534.44

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12/3/23, 8:34 PM Quiz 02 - Time value of money: Attempt review

Câu hỏi 18
Hoàn thành

Chấm điểm của 1,00

In 1889, Vincent Van Gogh’s painting, “Sunflowers”, sold for $125. One hundred years later it sold for $36 million. Had the painting been
purchased by your great-grandfather and passed on to you, what annual return on investment would your family have earned on the
painting?

Chọn một:
a. 9.11%
b. 10.09%
c. 13.40%
d. 11.88%
e. 11.99%

Câu hỏi 19
Hoàn thành

Chấm điểm của 1,00

Which of the following statements is/are false, all else the same?
I. Present values increase as the discount rate increases.
II. Present values increase the further away in time the future value.
III. Present values are always smaller than future values when both r and t are positive.

Chọn một:
a. I and II only
b. III only
c. I only
d. II only
e. II and III only

Câu hỏi 20
Hoàn thành

Chấm điểm của 1,00

Your grandfather placed $5,000 in a trust fund for you. In 12 years the fund will be worth $10,000. What is the rate of return on the trust fund?

Chọn một:
a. 5.95%
b. 3.70%
c. 4.16%
d. 8.42%
e. 6.90%

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12/3/23, 8:34 PM Quiz 02 - Time value of money: Attempt review

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