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AutoSave OFF w Interest Theory Quiz 1 - Saved to my Mac Home Insert Draw Design Layout References Mailings Review View Tell me Share Comments

AutoSave OFF w Interest Theory Quiz 1 - Saved to my Mac Home Insert Draw Design Layout References Mailings Review View Tell me Share Comments Calibri (Bo... 11 "AI A AL AalbCcDdEe AaBbCcDdEe AaBbCcDc AaBbCcDdEt AaBb AaBbceDdEt v Paste B I U ab x Normal x ADA No Spacing Heading 1 Heading 2 Title Subtitle Styles Pane Dictate Sensitivity 3. Compute the present value of $5,000 payable 5 years from now at a 2% interest rate. Assume compound interest. 4. Assume a fund grows with compound interest. If the annual effective discount is 5%, what is the annual effective interest rate? Compute the answer to 4 decimal places. Note: if your calculator is currently not formatted to 4 decimals places, please see me during the quiz and I will show you how to adjust the format. Page 2 of 2 200 words English (United States) O Focus ES 147%

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