Chapter 5 Quiz

# Chapter 5 Quiz - - 1 - COB300B: FINANCE - INTEGRATED FUNCT...

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Unformatted text preview: - 1 - COB300B: FINANCE - INTEGRATED FUNCT SYS:FIN SM08 (COB300B_1002_SM08) > TAKE ASSESSMENT: CHAPTER 5 - THE TIME VALUE OF MONEY Take Assessment: Chapter 5 - The Time Value of Money Chapter 5 - The Time Value of Money Not allowed. This Test can only be taken once. This Test can be saved and resumed later. Question Completion Status: 1 2 3 4 5 21 22 23 24 25 Question 1 0.33 points Save What is the present value of \$13,450 to be received four years from today if the discount rate is 5.25 percent? Question 2 0.33 points Save You hope to Question 2 0.33 points Save buy your dream house six years from now. Today your dream house costs \$189,900. You expect housing prices to rise by an average of 4.5 percent per year over the next six years. How much will your dream house cost by the time you are ready to buy it? Question 3 0.33 points Save Interest earned on the reinvestment of previous interest payments is called _____ interest. Question 4 0.33 points Save You want to have \$10,000 saved ten years from now. How much less do you have to deposit today to reach this goal if you can earn 6 percent rather than 5 percent on your savings? Question 5 0.33 points Save Thomas invests \$100 in an account that pays 5 percent simple interest. How much money will Thomas have at the end of five years? Question 6 0.33 points Save Dale invests \$500 in an Question 6 0.33 points Save account that pays 6 percent simple interest....
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## This note was uploaded on 07/02/2008 for the course COB 300 taught by Professor Lowe during the Spring '07 term at James Madison University.

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Chapter 5 Quiz - - 1 - COB300B: FINANCE - INTEGRATED FUNCT...

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