Module10.assessment questions with TVM and module reference question.docx

Unit 10 assignment out of 20 marks (due at the end of class during which module 10 is covered (not the following week):
consists of 2 sections: Section A for 12 marks – place answers on the TEMPLATE provided on the course blackboard site
in the Assignments folder;
Section B for 8 marks
Section 1 Multiple Choice Select the BEST answer
1 2 3
4 5 6
1. Questions 1 to 5 are based on the Don and Elise Carter case study presented in Unit 10, Lesson
Assume that you are the Carter's retirement planner, and you have the job of explaining the various
scenarios to them.
If the Carters follow your recommendations and they retire when Don is 60, how much will Elise have
in tax-deferred savings by the time Don retires?
1
A.
$154,950
B.
$156,042
C.
$207,856
D.
$362,806
2. You explain to the Carters that you cannot generate predictions out of thin air, and that you need some
facts or assumptions before you begin. All of the following statements are true, EXCEPT: