Quiz 7 2010 - QUIZ 7 3 Over the past year you earned a...

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DePaul University Name______________________________ Winter Quarter, 2010 FINANCE 330 INVESTMENT ANALYSIS QUIZ 7 HORIZON PRESENT VALUE FUTURE VALUE 45 days $98.94 $100.00 30 years $13.14 $100.00 1. What is the effective annual rate of return for the above 2 investments? (2 points) 2. What is the APR for the following 2 investments? COMPOUNDING PERIODS EAR Daily 9% 73 days 8%
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DePaul University Page 2 Winter Quarter, 2010 FINANCE 330 INVESTMENT ANALYSIS
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Unformatted text preview: QUIZ 7 3. Over the past year you earned a nominal rate of interest of 10 percent on your money. The inflation rate was 5 percent over the same period, and your marginal tax rate was 30%. A) What was the exact actual growth rate of your purchasing power before taxes? B) What was the exact actual growth rate of your purchasing power after taxes? (3 points)...
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This note was uploaded on 09/26/2011 for the course FIN 334 taught by Professor Fin334 during the Winter '10 term at Ill. Chicago.

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Quiz 7 2010 - QUIZ 7 3 Over the past year you earned a...

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