testchapter7

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Jump to Navigation Frame Your location: Assessments View All Submissions › View Attempt View Attempt 1 of 3 Title: Chap 7 Started: November 8, 2010 5:27 PM Submitted: November 8, 2010 5:32 PM Time spent: 00:05:36 Total score: 70/125 = 56% Total score adjusted by 0.0 Maximum possible score: 125 1. Time value of money is based on the premise that the value of money is not only its face value but also the interest or profit that can be earned by investing it wisely. Student Response Value True 100% Score: 5/5 2. For the borrower, a monthly compounding period is more favorable for a loan. False Score: 5/5 3. The five items presented in a loan amortization schedule are year, payment, principal, interest, and balance. True Score: 5/5
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4. The I/Y function on a business calculator stands for annuity payment. True Score: 0/5 5. The capitalization method of valuation utilizes the concept of a perpetuity. True Score: 5/5 6. If you place $10 into a savings account and you know it will earn 10%, what is the future value of the $10 after one year? Score:
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