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A cars price is currently $20,000 and is expected to rise by 6% a year. If the interest rate is 9%, how much do you
- A cars price is currently $20,000 and is expected to rise by 6% a year. If the interest rate is 9%, how much do you need to put aside today to buy the car one year from now? Show your calculations!
- 19,449.54
- B. 18,348.62
- C. 20,566.04
- D. 18,867.93
- What is the annually compounded rate of interest (EAR) on an account with an APR of 10% and monthly compounding? Show your calculations!
- 10.00%
- B. 10.47%
- C. 10.52%
- D. 11.05%
- What is the present value of your trust fund if you have projected that it will provide you with $50,000 7 years from today and it earns 10% compounded annually? Show your calculations!
- $29,411.76
- B. $28,223.70
- C. $25,657.91
- D. $25,000.00
- An investment of $100 pays interest of 2.5% per year. What will be the value of this investment at the end of 12 years? Show your calculations!
- $107.69
- B. $133.10
- C. $313.84
- D. $134.49
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The Exchange Traded Funds Manual
Authors: Gary L. Gastineau
2nd Edition
0470482338, 978-0470482339
