Time Value of Money II >> Finance for Everyone: Decisions
TOTAL POINTS 10
1.An annuity due is a series of:
1 point
2.Which of the following cannot be calculated?
1 point
3.If the value today (t=0) of the future amounts below is $5,979.09 at 12%, what is the value of the missing (t=2) amount?
2 points
4.You’re excited to buy furniture worth $5,000, which you can pay back in 3 years in 36 equal monthly installments with the first payment due today. The interest rate is 9% compounded monthly. What are your monthly payments?
2 points
5.To have one million dollars when you retire in 35 years, how much will you need to deposit every two weeks assuming a12% interest rate?
2 points
6.To settle a credit card debt of $1,250, you’ve agreed to pay $110 at the end of each month for the next year. What rate of interest are you paying?
2 points
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