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

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View Results Quiz 1 Chapters 1, 2, & 3 (Multiple Choice) 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% 0.0% 0.0% 100.0% Score: 2 / 2
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