1. You invest $1,000 for three years at 6% simple interest per year. Calculate the future value.*

1

1,180

1191.02

1194.05

None of the Above

2. You invest $2,000 for two years at 4%, Compounded Annually; Calculate the Future Value*

1

2163.2

2160

2164.86

None of the Above

3. What is the Present Value of $3,000 to be received in four years, given a discount rate of 5%? use the tables below.*

1

2468.11

2469

3600

None of the Above

4. What is the future value of a three year ordinary annuity with a cash flow of $100 per year, earning 6%?*

1

337.46

267.3

283.34

318.36

5. What is the future value of a two year annuity due with a cash flow of $100 per year, earning 5%?*

1

205

215.25

185.94

195.24

6. What is the present value of a two year, $300 annuity due, given a discount rate of 2%?*

2

882.47

918.12

936.48

865.16

7. What is the Present Value of a two year, $200 ordinary annuity, given a discount rate of 5%?*

1

410

430.5

371.88

390.48

8. What is the present value of a $200 perpetuity, given a discount rate of 16% compounded annually?*

1

3200

32

0.08

None of the above is TRUE

9. Faizul receives rent of 1000RM from his tenant at the beginning of every month. Faizul's payments are categorized as an*

1

Ordinary annuity

Annuity due