This preview has intentionally blurred sections. Sign up to view the full version.
View Full Document
Unformatted text preview: Question 1 (1 point) How much must be invested today at 9% per period to amount to $175,000 in 15 periods? Student response: Student Response Answer Choices a. $15,750 b. $11,667 c. $48,045 d. $16,445 Score: 1 / 1 Question 2 (1 point) Mondo Cano Enterprises, borrowed $100,000 from a bank at 12% annual interest and arranged to repay it over two years with monthly payments. How much is the payment? Student response: Student Response Score: 1 / 1 Question 3 (1 point) What amount must be invested at 10% to amount to $1,000 at the end of 15 periods? Student response: Student Response Score: 1 / 1 Question 4 (1 point) Tiger Tail, Inc. borrowed $150,000 from a bank at 10% and promised to repay the loan in 3 equal yearend payments. How much total interest expense will the company incur over the three year period? Student response: Student Response Score: 1 / 1 Question 5 (1 point) The future value of an amount is the value of that amount at Student response: Student Response Score: 1 / 1 Question 6...
View
Full
Document
 Fall '09
 Rusth
 Accounting, Interest, Mathematical finance, local bank

Click to edit the document details