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Unformatted text preview: __________. Selected Answer: Correct Answer: Question 6 1 out of 1 points In the context of interest rates, APR stands for __________. Selected Answer: Correct Answer: Question 7 1 out of 1 points What is the relationship between annuities and perpetuities? Selected Answer: periods. Correct Answer: periods. Question 8 1 out of 1 points The present value of a perpetuity equals the payment amount divided by the interest rate (i.e. discount rate). (Hint: Remember that if the interest rate were 5%, then you would plug it into the equation above as "0.05") Selected Answer: Correct Answer: Question 9 1 out of 1 points Subjects such as investing, borrowing and lending, and retirement planning heavily involve the concept of the time value of money. Selected Answer: Correct Answer: Question 10 1 out of 1 points The "discount rate" can also be referred to as the __________. Selected Answer: Correct Answer:...
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This note was uploaded on 11/16/2011 for the course BUS M 301 taught by Professor Jimbrau during the Summer '11 term at BYU.
 Summer '11
 JimBrau
 Future Value

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