Quiz1-2 Word - 1

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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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  You are currently investing your money in a bank account that has a nominal  annual rate of 7.0%. How many years will it take for you to double your money?   Student Response Correct Answer Feedback A. 9.71 years      B. 10.24 years      C. 6.64 years     D. 7.41 years     E. 7.72 years     General Feedback: Using a financial calculator, I/YR = 7.0, PV = 1, FV = 2, and solve for N = 10.24. Score: 0.2/0.2  
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  Today is your 23rd birthday, and you just received a gift of $1,500. You have 
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This note was uploaded on 02/12/2011 for the course FIN 44504 taught by Professor Banko during the Spring '11 term at University of Florida.

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Quiz1-2 Word - 1

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