FINC 3304 Week 4 Quiz | Assignment Help | University of Houston-Victoria
- University of Houston-Victoria / FINC 3304
- 27 Mar 2021
- Price: $4
- Accounting & Economics Assignment Help / Managerial Economics
FINC 3304 Week 4 Quiz | Assignment Help | University of Houston-Victoria
Question 1
By definition, a bank
that pays simple interest on a savings account will pay interest:
Question 2
You want to invest an
amount of money today and receive back twice that amount in the future. You
expect to earn 6 percent interest. Approximately how long must you wait for
your investment to double in value?
Question 3
Martha is investing $5
today at 6 percent interest so she can have $10 later. The $10 is referred to
as the:
Question 4
Terry invested $2,000
today in an investment that pays 6.5 percent annual interest. Which one of the
following statements is correct, assuming all interest is reinvested?
Question 5
Sara is investing
$1,000 today. Which one of the following will increase the future value of that
amount?
Question 6
Which one of the
following is the correct formula for the future value of $500 invested today at
7 percent interest for 8 years?
Question 7
Lisa has $1,000 in cash
today. Which one of the following investment options is most apt to double her
money?
Question 8
Centre Bank pays 2.5
percent interest, compounded annually, on its savings accounts. Country Bank
pays 2.5 percent simple interest on its savings accounts. You want to deposit
sufficient funds today so that you will have $1,500 in your account 2 years
from today. The amount you must deposit today: