Reading 06 the time value of money questions and answers
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Reading 06 the time value of money questions and answers
Reading 6: The Time Value of MoneyQuestion #1 of 86Question 10:412807You borrow $15,000 to buy a car. The loan IS to be paid off in monthly payments o Reading 06 the time value of money questions and answers over 5 years at 12% annual interest. What IS the amount of each payment9X A) $546.y B) $334.X C) $456.ExplanationI = 12 / 12 = 1; N = 5 X 12 = 60; PV = 15.000; CPT — PMT = 333.67.ReferencesQuestion From: Session 2 > Reading 6 > LOS eRelated Material:• Key Concepts by LOSQuestion #2 of 86Question ID. Reading 06 the time value of money questions and answers 412796Suppose you are going to deposit S1.000 at the start of this year, $1.500 at the start of next year, and $2,000 at the start of the following yReading 06 the time value of money questions and answers
ear in an savings account. How much money will you have at the end of three years if the rate of interest is 10% each year?■J A) $5,346.00.X B) $5,750Reading 6: The Time Value of MoneyQuestion #1 of 86Question 10:412807You borrow $15,000 to buy a car. The loan IS to be paid off in monthly payments o Reading 06 the time value of money questions and answers for 1 period at 10% - 2.200Total = $5,346N = 3; PV = -$1,000; l/Y = 10%; CPT — FV = $1,331N = 2; PV = -$1,500; l/Y = 10%; CPT — FV = $1,815N = 1: PV = -$2,000; l/Y = 10%; CPT -* FV = S2.200ReferencesQuestion From: Session 2 > Reading 6 > LOS eRelated Material:Key Concepts by LOSQuestion #3 of 86Que Reading 06 the time value of money questions and answers stion ID: 4S5755An investor makes 48 monthly payments of S500 each beginning today into an account that will have a value of $29,OCX) at the end of foReading 06 the time value of money questions and answers
ur years. The stated annual interest rate is closest to:V A) 9.00%.X B) 10.00%.X C) 9.50%.ExplanationBecause this is an annuity due (payments at the sReading 6: The Time Value of MoneyQuestion #1 of 86Question 10:412807You borrow $15,000 to buy a car. The loan IS to be paid off in monthly payments oReading 6: The Time Value of MoneyQuestion #1 of 86Question 10:412807You borrow $15,000 to buy a car. The loan IS to be paid off in monthly payments oGọi ngay
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