quiz1 - View Results Quiz 1 Chapters 1 2 3(Multiple Choice...

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View Results Name: Hussein Bzeih Attempt: 1 / 1 Out of: 16 Started: February 15, 2010 7:49pm Finished: February 15, 2010 8:41pm Time spent: 52 min. 22 sec. Student finished 7 min. 38 sec. ahead of the 60 min. time limit. Question 1 (2 points) Find the future worth of series of investments that starts at $1,000 in year 1and increases by 10% per year for 20 years. Assume the interest rate is 10% per year. Student response: Percent Value Correct Response Student Response Answer Choices 0.0% a. $155,000 0.0% b. $18,182 100.0% c. $122,319 0.0% d. $8,950 Score: 2 / 2 Question 2 (2 points) An investment of $10,000 six years ago has accumulated to $20,000 now. The compound rate of return earned on the investment is closest to: Student response: Percent Value Correct Response Student Response Answer Choices 0.0% a. 6% 0.0% b. 8% 0.0% c. 10% 100.0% d. 12% Score: 2 / 2 Question 3 (1 point) The cost of tuition at a certain public university was $160 per credit-hour 5 years ago.
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This note was uploaded on 10/19/2011 for the course MES 304 taught by Professor Costa during the Spring '07 term at CSU Northridge.

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quiz1 - View Results Quiz 1 Chapters 1 2 3(Multiple Choice...

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