Question

6. If $40,000 is put in a savings account paying interest of4% compounded annually, what amount will be in the account at the end of 5 years? A) $48,666 B) $32,878 C) $48,000 D) $48,620 7. Suzy Douglas has been offered the opportunity of investing $73,540 now. The investment will earn 8% How many years must Suzy wait to receive the $200,000? A) 13 B) 10 C) 11 D) 12 per year and at the end of its life will return $200,000 to Suzy. 8. If Sloane Joyner invests S10,514.81 now and she will receive $30,000 at the end of 11 years, what annual rate of interest will she be earning on her investment? A) 10% B) 8% C) 8.5% D) 9% 9. Capital budgeting decisions depend in part on all of the following except the A) profitability of the company B) company's basic decision making approach. C) risks associated with a particular project D) relationships among proposed projects. 10, The factor 1.08160 is taken from the 4% column and 2 periods row in a certain table From what table is this factor taken? A) Present value of 1 B) Present value of an annuity of 1 C) Future value of an annuity of 1 D) Future value of I

Answer 1

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ans 6
	Value at the end of 5 year =		=40000*(1+4%)^5
			48666
	correct answer is option	A)	48666
ans 7
	we have to use financial calcualtor to solve this
	put in calcualtor
	PV	-73540
	FV	200000
	PMT	0
	I	8%
	Compute N	13
	correct answer is option	A)	13
ans 8
	we have to use financial calcualtor to solve this
	put in calcualtor
	PV	-10514.8
	FV	30000
	PMT	0
	N	11
	Compute I	10%
	correct answer is option	A)	10%
ans 9	Correct answer is option A: Profitability of the company