If you put $8,000 in a savings account today, how much will it grow

If you put $8,000 in a savings account today, how much will it grow to in 3 years if the bank pays 6% annual interest compounded continuously?

 

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A company issues zero coupon bonds which mature in 30 years. These bonds can be bought for $99.38 and then pay no annual interest payments, only $1000 at maturity. What is the annual percentage cost of these bonds to the issuing company?

 

 

 

 

If you can invest $10,000 at a 7% annual rate, compounded monthly, how long will it take to have $13,050?

 

 

 

 

Which of the following statements is not true?

 

The present value factor is also known as the discount factor.

 

 

The present value factor decreases as the interest rate increases.

 

 

The present value factor is the reciprocal of the future value factor.

 

The present value factor can be greater than 1.

 

Aaron earns 10% interest compounded annually on his savings. He will deposit $750 today, $825 one year from today, and $910 two years from today. What will be the account balance three years from today?

 

 

 

 

 

 

The amount borrowed on a loan equals the

 

compounded value of the loan payments

 

 

sum of the loan payments

 

 

discounted value of the loan payments

 

 

future value of the loan payments

 

 

Which of the following examples represents a growing annuity?

 

 

A share of preferred stock.

 

 

 

An inflation-adjusted 25-year lease.

 

The EAR will equal the APR if interest is compounded

 

 

 

Which of the following is not a typical way in which interest rates are quoted in the marketplace?

 

 

 

 

The quoted interest rate.

 

 

Which of the following interest rates will result in the highest amount of interest being charged?

 

7% per year, compounded daily.

 

 

7.5% per year, compounded quarterly.

 

 

8% per year, compounded annually.

 

 

7.8% per year, compounded daily.

 

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