2FM week 1_a - exam. For passing the exam, Tom anticipates...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
ADAPT Practice Problems provided by SALT Solutions *ADAPT questions have a difficulty definition on a scale from 1 to 10 with 1 representing easy and 10 representing very difficult. Week 1 Difficulty level*is 5.7348469 Tom purchases a study manual and a subscription to ADAPT to make sure he passes Exam 2/FM. Tom expects to spend 300 hours studying for the
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: exam. For passing the exam, Tom anticipates he will earn an additional $100 per month payable at the end of each month starting six months from today. Tom plans to retire exactly 38 years from today. Using 6% effective annual interest, find the present value per hour of studying if Tom passes. A) 56 B) 59 C) 61 D) 55 E) 58...
View Full Document

This note was uploaded on 08/31/2010 for the course FM 13678 taught by Professor Kellison during the Spring '10 term at St. Clair College.

Ask a homework question - tutors are online