Exam Content

$22$ OF $22$ QUESTIONS REMAINING

Question $1$

It makes sense to think of a discount rate as an opportunity cost: the return one could earn on an alternative investment of equal risk.

True

False

Question $2$

Compute the amount of simple interest for $$3,240,000$ at $4\mathrm{.}5\%$ p$.$a$.$ for $9$ months. $($Hint: Your final answer has no decimals. Do not write the $ sign in the answer box$).$

$$

$$

Integer, decimal, or E notation anowved $q,$

Question $3$

Compute the amount of simple interest on $$785,950$ borrowed at $8\%$ p$.$a$.$ from