FINC 3304 Week 5 Quiz | Assignment Help | University of Houston-Victoria
- University of Houston-Victoria / FINC 3304
- 27 Mar 2021
- Price: $5
- Accounting & Economics Assignment Help / Managerial Economics
FINC 3304 Week 5 Quiz | Assignment Help | University of Houston-Victoria
Quiz 5
Question 1
Which one of the
following qualifies as an annuity?
Question 2
Which one of the
following has the highest effective annual rate?
Question 3
Which one of the
following features distinguishes an ordinary annuity from an annuity due?
Question 4
Letitia borrowed $6,000
from her bank two years ago. The loan term is four years. Each year, she must
repay the bank $1,500 plus the annual interest. Which type of loan does she
have?
Question 5
Which one of the
following statements concerning annuities is correct?
Question 6
Bill just financed a
used car through his credit union. His loan requires payments of $275 a month
for five years. Assuming that all payments are paid on time, his last payment
will pay off the loan in full. What type of loan does Bill have?
Question 7
Which of the following
characteristics apply to a perpetuity?
I. Constant cash flow
dollar amount
II. Unequal cash flow
dollar amount
III. Limited time
period
IV. Infinite time
period
Question 8
When comparing savings
accounts, you should select the account that has the: