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Quiz1-1 Word

# Quiz1-1 Word - 1 ,chooseanswer"A StudentResponse...

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1   To earn the free half point associated with this question, choose answer "A"  below and save the answer to this question.   Student Response Correct Answer Feedback  A. record this quiz attempt      General Feedback: NOTE: Get into the habit of "saving" the answer to each question as you com- plete it. Always "submit" when you have finished the quiz. Score: 0.5/0.5   2

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South Penn Trucking is financing a new truck with a loan of \$82,400 to be re- paid with a lump sum in 5 years of \$124,424. What annual interest rate is the  company paying?   Student Response Correct Answer Feedback A. 12.41%     B. 11.20%      C. 8.59%      D. 11.46%     E. 14.19%     General Feedback: Using a financial calculator, N = 5, PV = 82,400, FV = 124,424, solve for I/YR =  8.59%. Score: 0.2/0.2
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Starting on her 23rd birthday, Janet plans to start saving for her retirement.
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