1. Below are excerpts from interest tables for 8% interest.

1 2 3 4

1 1.0000 0.92593 1.08000 0.92593

2 2.0800 0.85734 1.16640 1.78326

3 3.2464 0.79383 1.25971 2.57710

4 4.5061 0.73503 1.36049 3.31213

Column 4 is an interest table for the:

Select one:

A. Future value of $1.

B. Present value of an annuity of $1.

C. Future value of an annuity of $1.

D. Present value of $1.

2. What is interest?

Select one:

A. An equity investment

B. Return on capital

C. Payment for the use of money

D. Loan

3.If you invest $50,000 to earn 8% interest, which of the following compounding approaches would return the lowest amount after one year?

Select one:

A. Quarterly

B. Monthly

C. Annually

D. Daily

4. Which factor would be greater the present value of $1 for 10 periods at 8% per period or the future value of $1 for 10 periods at 8% per period?

Select one:

A. Future value of $1 for 10 periods at 8% per period

B. Present value of $1 for 10 periods at 8% per period

C. The factors are the same

D. Need more information