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quiz5 - Preview Test Quiz 5 Requires Respondus LockDown...

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Preview Test: Quiz 5 - Requires Respondus LockDown Browser Content Instructions Name Quiz 5 - Requires Respondus LockDown Browser Instructions You have 45 minutes to complete the quiz which covers material from chapter 6. Timed Test This Test has a 45 minute timer.The elapsed time appears at the top right of the window. A 1 minute warning will be displayed. [The timer does not appear when previewing this Test] Multiple Attempts Not allowed. This Test can only be taken once. Force Completion This Test must be completed now. Test/Survey Status Question Completion Status: 1 2 3 4 5 6 7 8 9 10 Saving Answer Question 1 Question 1 1. What is the present value of $500,000 to be received in 7 years? The interest rate is 10%. Answer
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$255 ,000 $256 ,580 $267 ,646 $268 ,058 0.5 points Question 2 Question 2 1. At the end of two years, what will be the balance in a savings account paying 6% annually if $50,000 is deposited today? Answer
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$50, 000. $53, 000. $56, 000. $56, 180. 0.5 points Question 3 Question 3 1. On January 2, 2009, Yetti Corporation wishes to issue $2,000,000 (par value) of its 10%, 10-year bonds. The bonds pay interest annually on January 1. The current yield rate on such bonds is 12%. Compute the amount that Yetti will realize from the sale (issuance) of the bonds. Answer
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$1,7 00,5 00 $1,7 73,9 91 $2,0 00,0 12 $2,2 68,4 03 0.5 points Question 4 Question 4 1. What will the balance be on December 31, 2013 in a fund which is accumulated by making $8,000 annual deposits each December 31 beginning in 2006, with the last deposit being made on December 31, 2013?
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