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# Sample FinCoach Test w answers - FC05 Test Form C Last Name...

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FC05 Test Form C Last Name: __________________ First Name: _______________ ID#: ___________________ FinCoach Test – Finance 320 Open Notes – Closed Book – Choose Closest Answer Student Must Return This Examination In Order to Receive Credit Master Copy 1. Calculate the future value of \$1,660 invested at 7.3% for four years. a. 2,420 b. 1,540 c. 2,200 d. 1,760 2. Compute the future value of \$570 if the appropriate rate is 13.0% if interest is compounded every month and you invest the money for one year. 3. If an investment at rate 9.6% pays you \$1,393 after two years, what is its present value? 4. If an investment at an annual rate of 13.6% compounded every month pays you \$2,431 after three years, what is its present value? 5. Glen Allaway proposes to invest \$1,300 today and expects to accumulate \$1,539 in two years. What is the underlying rate of return on the investment? a. 10.6% b. 11.4% c. 9.7% d. 8.8% 6. If the discount rate is 11.2%, find the future value of \$10,440 invested every year for 20 years with the first payment made one year from now.

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FC05 Test Form C 1
FC05 Test Form C Master Copy 7. Calculate the future value of an annuity of \$9 invested every week at 10.4% compounded every week for 2 years starting one week from now.

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