Time Value of Money Practice Quiz
Question 1:
What does the term “time value of money” mean in finance?
A. Money increases in value due to inflation over time.
B. A dollar today is worth more than a dollar in the future.
C. A dollar in the future is worth more than a dollar today.
D. Money has no real value over time.
Question 2:
Which of the following is an example of compounding?
A. Receiving simple interest annually.
B. Earning interest on both the principal and previously earned interest.
C. Only calculating interest on the original investment.
D. Ignoring time value and focusing on nominal returns.
Question 3:
What is the formula for future value (FV) in compound interest?
A. FV = PV × (1 + r × n)
B. FV = PV ÷ (1 + r)^n
C. FV = PV × (1 + r)^n
D. FV = PV × r × n
Question 4:
If $1,000 is invested today at an annual interest rate of 5% for 3 years, what will be the future value?
A. $1,157.63
B. $1,150.00
C. $1,105.00
D. $1,200.00
Question 5:
The present value (PV) of $1,000 to be received in 5 years, with a discount rate of 8%, is closest to:
A. $680.58
B. $735.03
C. $805.00
D. $1,000.00
Question 6:
If you want to double your money in 10 years, approximately what annual interest rate must you earn?
A. 5.5%
B. 6.9%
C. 7.2%
D. 8.0%
Question 7:
The Rule of 72 is used to estimate:
A. The interest rate needed to reach a specific future value.
B. How long it takes to double an investment.
C. The future value of an investment.
D. The discount rate for present value calculations.
Question 8:
An annuity is best described as:
A. A single lump sum investment.
B. A series of equal payments made at regular intervals.
C. A one-time payment received in the future.
D. A fixed interest investment.
Question 9:
What is the future value of a $500 annual payment received for 5 years, assuming an interest rate of 6%?
A. $2,818.00
B. $2,638.50
C. $3,000.00
D. $2,689.40
Question 10:
What is the present value of a $1,000 annual payment received for 4 years, assuming a discount rate of 10%?
A. $3,486.85
B. $3,170.00
C. $4,000.00
D. $2,985.00
Question 11:
The discount rate used in time value of money calculations represents:
A. The inflation rate.
B. The cost of capital or required return.
C. The nominal rate of return.
D. The average rate of interest in the market.
Question 12:
Which of the following has the highest present value, assuming the same discount rate?
A. $1,000 received in 5 years.
B. $1,000 received in 2 years.
C. $1,000 received in 10 years.
D. $1,000 received today.
Question 13:
The future value of a lump sum increases as:
A. The time period decreases.
B. The interest rate decreases.
C. The compounding frequency increases.
D. The principal amount decreases.
Question 14:
What is the effective annual rate (EAR) if the nominal annual interest rate is 8% compounded semiannually?
A. 8.16%
B. 8.00%
C. 8.24%
D. 8.36%
Question 15:
What happens to the present value of a future cash flow when the discount rate increases?
A. It increases.
B. It decreases.
C. It stays the same.
D. It becomes negative.
Question 16:
If $5,000 is invested at 7% interest compounded annually for 4 years, what will the future value be?
A. $6,529.85
B. $6,420.00
C. $6,786.00
D. $6,635.50
Question 17:
The number of compounding periods in a year for monthly compounding is:
A. 6
B. 12
C. 24
D. 4
Question 18:
A perpetuity pays $1,000 annually, and the discount rate is 8%. What is its present value?
A. $12,500
B. $10,000
C. $15,000
D. $8,000
Question 19:
What is the present value of $10,000 to be received in 3 years, with a discount rate of 9% compounded annually?
A. $7,972.79
B. $7,720.00
C. $7,868.13
D. $8,100.00
Question 20:
Which factor will not affect the future value of an investment?
A. Time period.
B. Interest rate.
C. Compounding frequency.
D. Inflation rate.
Question 21:
Which type of annuity involves payments at the end of each period?
A. Perpetuity.
B. Ordinary annuity.
C. Annuity due.
D. Deferred annuity.
Question 22:
How much would you need to invest today at 5% to have $2,000 in 10 years?
A. $1,227.83
B. $1,550.00
C. $1,398.63
D. $1,564.12
Question 23:
Which of the following represents an annuity due?
A. Monthly rent payments.
B. Monthly loan payments.
C. Annual dividend payments.
D. Quarterly bond coupon payments.
Question 24:
If the future value of $1,000 invested for 5 years at 10% is $1,610.51, what type of compounding is applied?
A. Quarterly compounding.
B. Annual compounding.
C. Monthly compounding.
D. Daily compounding.
Question 25:
A bond pays interest semiannually at a rate of 6%. What is the effective annual rate?
A. 6.00%
B. 6.09%
C. 6.12%
D. 6.15%
Question 26:
The present value of a perpetuity can be calculated by dividing the payment by:
A. The discount rate.
B. The time period.
C. The interest rate.
D. The inflation rate.
Question 27:
If interest rates rise, the present value of future cash flows:
A. Decreases.
B. Increases.
C. Remains constant.
D. Doubles.
Question 28:
What does the term “discounting” refer to in finance?
A. Calculating future values.
B. Estimating cash flow volatility.
C. Converting future values to present values.
D. Compounding the principal amount.
Question 29:
If an investment earns 6% compounded quarterly, the annual effective rate (EAR) is:
A. 6.09%
B. 6.14%
C. 6.20%
D. 6.50%
Question 30:
What is the future value of a $2,000 investment compounded quarterly at an annual rate of 4% for 5 years?
A. $2,432.40
B. $2,400.00
C. $2,431.79
D. $2,450.00
Question 31:
Which of the following formulas is used to calculate the present value of a perpetuity?
A. PV = Payment × (1 + r)^n
B. PV = Payment / r
C. PV = Payment × r
D. PV = Payment / (1 + r)^n
Question 32:
What is the future value of $3,000 invested at 8% annual interest, compounded quarterly, for 6 years?
A. $4,893.27
B. $4,847.13
C. $5,000.00
D. $4,925.33
Question 33:
A $10,000 investment is made today and grows to $15,000 in 5 years. What is the annual rate of return?
A. 8.45%
B. 7.85%
C. 9.62%
D. 10.00%
Question 34:
What is the present value of $50,000 to be received in 8 years, if the discount rate is 5%?
A. $33,667.85
B. $34,205.00
C. $30,500.00
D. $35,000.00
Question 35:
If $2,000 is invested today at an annual rate of 10% compounded monthly, what will its value be in 2 years?
A. $2,428.50
B. $2,427.63
C. $2,420.00
D. $2,432.79
Question 36:
Which of the following is true for an ordinary annuity?
A. Payments are made at the beginning of each period.
B. Payments are made at the end of each period.
C. Payments are irregular.
D. Payments increase over time.
Question 37:
What is the difference between an annuity due and an ordinary annuity?
A. Timing of the payments.
B. Number of payments.
C. Discount rate applied.
D. Principal amount.
Question 38:
The effective annual rate (EAR) is always greater than the nominal rate when:
A. Compounding occurs annually.
B. Compounding occurs more than once a year.
C. Interest is compounded monthly.
D. The nominal rate is less than 5%.
Question 39:
What is the present value of $5,000 received annually for 10 years, if the discount rate is 7%?
A. $35,598.02
B. $35,000.00
C. $38,000.00
D. $36,205.00
Question 40:
A single cash flow of $2,000 is to be received in 4 years. If the discount rate is 6%, what is its present value?
A. $1,584.35
B. $1,575.00
C. $1,600.00
D. $1,590.00
Question 41:
An investment is expected to double in value in 12 years. What is the approximate annual rate of return?
A. 6.00%
B. 5.83%
C. 6.50%
D. 6.25%
Question 42:
Which of the following represents a growing perpetuity?
A. A cash flow that grows at a constant rate forever.
B. A fixed cash flow that lasts for 10 years.
C. A cash flow that decreases over time.
D. A single cash flow received after a long period.
Question 43:
The interest earned on both the principal and accumulated interest is called:
A. Nominal interest.
B. Compound interest.
C. Simple interest.
D. Real interest.
Question 44:
What is the present value of a growing perpetuity with an initial payment of $1,000, a growth rate of 3%, and a discount rate of 6%?
A. $33,333.33
B. $35,000.00
C. $34,482.76
D. $30,000.00
Question 45:
The higher the discount rate, the:
A. Higher the present value of future cash flows.
B. Lower the present value of future cash flows.
C. Greater the future value.
D. Smaller the compounding effect.
Question 46:
If $1,000 is invested at 12% interest compounded annually, how long will it take to double?
A. 6.12 years
B. 5.83 years
C. 6.00 years
D. 5.50 years
Question 47:
A $50,000 perpetuity pays 5% annually. What is the annual cash flow?
A. $2,500
B. $5,000
C. $2,750
D. $3,000
Question 48:
What is the present value of $10,000 received annually for 15 years, discounted at 8%?
A. $85,144.00
B. $93,050.00
C. $100,000.00
D. $90,000.00
Question 49:
What does compounding frequency affect the most?
A. Nominal interest rate.
B. Present value.
C. Future value.
D. Real interest rate.
Question 50:
If $5,000 is invested for 3 years at an annual interest rate of 6%, compounded semiannually, what is the future value?
A. $5,956.79
B. $5,905.17
C. $6,000.00
D. $5,875.00
Question 51:
Which of the following is NOT a characteristic of an annuity due?
A. Payments are made at the beginning of each period.
B. It has a higher present value than an ordinary annuity.
C. It has a higher future value than an ordinary annuity.
D. Payments are made at the end of each period.
Question 52:
A future value of $3,500 is needed in 5 years. How much should you invest today at 6% interest?
A. $2,623.56
B. $2,600.00
C. $2,800.00
D. $2,500.00
Question 53:
A payment of $4,000 is due in 3 years. If the interest rate is 8%, what is the present value?
A. $3,175.00
B. $3,178.15
C. $3,188.50
D. $3,250.00
Question 54:
How long will it take for an investment to triple at an annual interest rate of 10%?
A. 10.54 years
B. 11.53 years
C. 12.76 years
D. 11.82 years
Question 55:
The present value of $2,000 to be received annually forever at a discount rate of 5% is:
A. $40,000
B. $50,000
C. $38,000
D. $42,000
Question 56:
If $2,500 is invested today at an annual rate of 8%, compounded quarterly, how much will it grow to in 5 years?
A. $3,705.20
B. $3,820.85
C. $3,750.00
D. $3,908.52
Question 57:
The discount factor for a lump sum cash flow received in the future is:
A. Greater than 1.
B. Less than 1.
C. Equal to 1.
D. Dependent on the interest rate.
Question 58:
Which of the following has the highest present value, assuming a positive discount rate?
A. A perpetuity with a 10% annual cash flow growth rate.
B. A perpetuity with no cash flow growth.
C. A growing annuity with a 5% annual growth rate.
D. A lump sum payment received today.
Question 59:
What is the effective annual rate (EAR) if the nominal interest rate is 10% compounded monthly?
A. 10.25%
B. 10.47%
C. 10.10%
D. 10.51%
Question 60:
What is the future value of a $1,200 annual investment over 10 years at an interest rate of 6%?
A. $15,320.20
B. $15,921.60
C. $15,680.00
D. $16,000.00
Question 61:
The Rule of 72 is used to estimate:
A. How long it will take for an investment to double.
B. The effective annual rate.
C. The future value of an investment.
D. The present value of a perpetuity.
Question 62:
An ordinary annuity pays $3,000 annually for 8 years. If the discount rate is 7%, what is its present value?
A. $18,850.24
B. $19,200.00
C. $19,710.56
D. $20,000.00
Question 63:
If the present value of $20,000 to be received in 6 years is $15,000, what is the annual discount rate?
A. 4.86%
B. 5.02%
C. 5.41%
D. 5.00%
Question 64:
A loan of $10,000 is to be repaid in equal annual installments over 5 years at an interest rate of 9%. What is the annual payment?
A. $2,570.25
B. $2,467.50
C. $2,580.35
D. $2,576.38
Question 65:
What is the present value of a perpetuity paying $2,000 annually, with a discount rate of 8%?
A. $25,000
B. $24,500
C. $26,000
D. $27,500
Question 66:
Which of the following results in a higher future value?
A. A higher interest rate.
B. A lower compounding frequency.
C. A shorter investment period.
D. A lower principal amount.
Question 67:
The time value of money principle suggests that:
A. Money today is worth less than money in the future.
B. Money today is worth more than money in the future.
C. Money in the future has no value.
D. Money has the same value regardless of time.
Question 68:
If $500 is invested every 6 months for 5 years at 8% compounded semiannually, what is the future value?
A. $6,167.25
B. $6,209.85
C. $6,324.40
D. $6,381.15
Question 69:
Which of the following is a key feature of an ordinary annuity?
A. Payments occur at the beginning of each period.
B. Payments occur at the end of each period.
C. Payments increase each year.
D. Payments are irregular.
Question 70:
What is the present value of $8,000 to be received in 10 years, discounted at 6%?
A. $4,418.95
B. $4,480.00
C. $4,500.50
D. $4,524.85
Question 71:
A bond pays $500 annually for 20 years. If the discount rate is 4%, what is the bond’s present value?
A. $7,438.84
B. $7,548.25
C. $7,500.00
D. $7,624.50
Question 72:
Which statement is true about compound interest?
A. It is calculated only on the principal amount.
B. It grows faster than simple interest.
C. It remains constant over time.
D. It is unaffected by the compounding frequency.
Question 73:
What is the future value of $3,000 invested for 4 years at an annual interest rate of 9% compounded annually?
A. $4,236.25
B. $4,190.79
C. $4,150.00
D. $4,256.34
Question 74:
Which of the following increases the present value of a future amount?
A. A higher discount rate.
B. A shorter time period.
C. A lower discount rate.
D. Both B and C.
Question 75:
If an annuity due pays $1,000 annually for 10 years at 6%, what is its present value?
A. $7,975.48
B. $8,015.82
C. $8,290.55
D. $8,191.53
Question 76:
How long will it take for $10,000 to grow to $15,000 at 7% compounded annually?
A. 5.55 years
B. 5.80 years
C. 6.00 years
D. 6.10 years
Question 77:
What is the present value of $1,200 per year for 15 years, discounted at 8%?
A. $10,500.30
B. $11,025.45
C. $10,955.20
D. $11,125.75
Question 78:
A bank offers an annual nominal interest rate of 12% compounded monthly. What is the effective annual rate (EAR)?
A. 12.68%
B. 12.75%
C. 12.89%
D. 12.92%
Question 79:
If the future value of an investment is $5,500 after 8 years, and the discount rate is 6%, what is its present value?
A. $3,445.98
B. $3,465.78
C. $3,400.00
D. $3,456.30
Question 80:
What is the future value of $2,000 invested annually for 12 years at 5%?
A. $28,964.40
B. $28,925.75
C. $28,900.00
D. $29,000.00
Question 81:
What is the present value of a perpetuity paying $5,000 annually if the discount rate is 10%?
A. $50,000
B. $45,000
C. $55,000
D. $60,000
Question 82:
If you invest $8,000 today at an annual interest rate of 7%, compounded annually, how much will you have in 9 years?
A. $14,031.38
B. $14,200.15
C. $14,500.00
D. $14,035.20
Question 83:
An annuity pays $1,000 at the beginning of each year for 6 years. If the discount rate is 5%, what is the present value of the annuity?
A. $5,316.50
B. $5,418.20
C. $5,485.95
D. $5,534.82
Question 84:
What is the future value of a lump sum of $2,500 invested for 10 years at a nominal rate of 8% compounded quarterly?
A. $5,492.20
B. $5,622.25
C. $5,456.72
D. $5,541.30
Question 85:
Which of the following statements about the time value of money is true?
A. The future value of money decreases with higher interest rates.
B. The present value of money increases with longer time periods.
C. Money received today is worth more than money received in the future.
D. The discount rate does not affect the present value of money.
Question 86:
What is the effective annual rate (EAR) for a nominal rate of 6% compounded monthly?
A. 6.17%
B. 6.12%
C. 6.09%
D. 6.15%
Question 87:
How much must be deposited annually into an account earning 9% interest to accumulate $50,000 in 10 years?
A. $3,720.85
B. $3,580.60
C. $3,650.35
D. $3,706.80
Question 88:
If $10,000 grows to $15,000 in 5 years, what is the annual rate of return?
A. 8.45%
B. 7.95%
C. 7.50%
D. 7.93%
Question 89:
A perpetuity pays $2,500 annually, and the current value is $31,250. What is the discount rate?
A. 6%
B. 8%
C. 7%
D. 10%
Question 90:
If $2,000 is invested semiannually at 10% for 5 years, what is the future value?
A. $3,310.40
B. $3,320.50
C. $3,275.60
D. $3,307.80
Question 91:
What is the present value of a $1,200 annual payment received for 8 years, discounted at 6%?
A. $7,464.60
B. $7,212.80
C. $7,540.50
D. $7,350.20
Question 92:
How much will $4,000 grow to in 15 years at 5% compounded annually?
A. $8,310.10
B. $8,306.14
C. $8,290.85
D. $8,400.00
Question 93:
A growing perpetuity pays an initial payment of $2,000, growing at 3% per year, with a discount rate of 8%. What is its present value?
A. $42,000
B. $40,000
C. $43,000
D. $41,000
Question 94:
If you borrow $20,000 at an interest rate of 6% to be repaid in 8 equal annual payments, what is the annual payment?
A. $3,187.98
B. $3,195.45
C. $3,182.60
D. $3,200.80
Question 95:
What is the future value of a $2,000 investment made at the end of each year for 10 years at 8%?
A. $28,973.50
B. $28,975.10
C. $29,015.25
D. $28,960.20
Question 96:
What is the present value of $15,000 to be received in 20 years if the discount rate is 7%?
A. $3,868.50
B. $3,872.45
C. $3,864.75
D. $3,870.20
Question 97:
Which of the following would result in a lower present value of a future cash flow?
A. Lower discount rate.
B. Higher time period.
C. Higher cash flow amount.
D. Lower time period.
Question 98:
A bond pays $1,500 annually for 15 years, with a discount rate of 6%. What is its present value?
A. $14,250.20
B. $14,162.35
C. $14,168.40
D. $14,250.00
Question 99:
What is the future value of $3,500 invested quarterly at 12% for 8 years?
A. $12,752.30
B. $12,800.45
C. $12,850.00
D. $12,750.60
Question 100:
A company needs $100,000 in 12 years. How much should it invest today at 5% compounded annually?
A. $55,347.45
B. $55,348.30
C. $55,340.20
D. $55,345.50
Question 101:
What is the present value of $8,000 to be received at the end of 5 years if the discount rate is 9%?
A. $5,188.45
B. $5,186.15
C. $5,185.60
D. $5,180.80
Question 102:
What is the effective annual rate (EAR) for a nominal rate of 9% compounded quarterly?
A. 9.31%
B. 9.15%
C. 9.21%
D. 9.31%
Question 103:
How much must you invest annually to accumulate $30,000 in 6 years at 7% compounded annually?
A. $4,175.15
B. $4,181.20
C. $4,170.45
D. $4,180.85
Question 104:
What is the present value of a perpetuity paying $3,000 annually at a discount rate of 9%?
A. $33,333.33
B. $33,300.30
C. $33,320.00
D. $33,350.50
Question 105:
If $1,200 is invested semiannually at 8% for 6 years, what is the future value?
A. $1,926.80
B. $1,918.50
C. $1,920.25
D. $1,930.20
Question 106:
What is the future value of a $10,000 investment compounded quarterly at 6% for 5 years?
A. $13,382.55
B. $13,530.65
C. $13,623.50
D. $13,750.00
Question 107:
How much must be invested today at an interest rate of 7% compounded semiannually to accumulate $12,000 in 4 years?
A. $9,401.04
B. $9,380.80
C. $9,380.00
D. $9,500.20
Question 108:
If you want to accumulate $50,000 in 10 years, how much do you need to invest today at a rate of 5% compounded annually?
A. $30,730.99
B. $30,520.00
C. $32,000.00
D. $31,250.00
Question 109:
What is the future value of a series of equal annual payments of $1,000 for 10 years at 8%?
A. $15,000.00
B. $16,000.00
C. $15,850.00
D. $15,932.40
Question 110:
What is the present value of $50,000 to be received in 15 years if the discount rate is 6%?
A. $19,139.14
B. $19,250.00
C. $19,500.00
D. $19,300.10
Question 111:
How much would you need to invest today to receive $1,500 annually for 5 years if the interest rate is 4% compounded annually?
A. $6,800.00
B. $6,500.00
C. $6,950.00
D. $6,200.00
Question 112:
What is the effective annual rate (EAR) for a nominal rate of 6% compounded monthly?
A. 6.14%
B. 6.12%
C. 6.10%
D. 6.20%
Question 113:
What is the present value of a $1,000 annuity received for 10 years at an interest rate of 5%?
A. $7,721.73
B. $7,538.65
C. $7,453.10
D. $7,450.00
Question 114:
How much interest will you earn on a $10,000 investment in 5 years at an interest rate of 4% compounded annually?
A. $2,500
B. $2,200
C. $2,400
D. $2,000
Question 115:
A company invests $15,000 today at an interest rate of 9% compounded annually. What will the value of the investment be in 7 years?
A. $28,249.00
B. $29,000.00
C. $28,500.00
D. $28,760.00
Question 116:
What is the future value of $5,000 invested today for 8 years at an interest rate of 6% compounded annually?
A. $7,096.76
B. $7,000.00
C. $7,380.00
D. $7,120.00
Question 117:
A bond pays $1,000 annually for 10 years with a discount rate of 8%. What is the present value of the bond?
A. $6,710.00
B. $6,800.00
C. $6,600.00
D. $6,500.00
Question 118:
What is the future value of a $2,000 investment made at the end of each year for 5 years at 10% compounded annually?
A. $12,210.00
B. $12,320.50
C. $12,000.00
D. $12,570.80
Question 119:
What is the present value of a perpetuity paying $7,000 annually with a discount rate of 5%?
A. $140,000
B. $135,000
C. $150,000
D. $160,000
Question 120:
What is the future value of $20,000 invested for 10 years at 6% compounded monthly?
A. $36,900.00
B. $36,750.00
C. $35,800.00
D. $35,900.00
Question 121:
What is the future value of a series of equal annual payments of $1,200 for 5 years at an interest rate of 8% compounded annually?
A. $7,248.12
B. $7,320.00
C. $7,450.00
D. $7,370.00
Question 122:
If the nominal interest rate is 12% compounded monthly, what is the effective annual rate (EAR)?
A. 12.68%
B. 12.50%
C. 12.25%
D. 12.05%
Question 123:
What is the present value of $10,000 to be received in 3 years if the interest rate is 7%?
A. $8,200.00
B. $8,500.00
C. $8,600.00
D. $8,900.00
Question 124:
How much should be invested today at an interest rate of 9% compounded quarterly to accumulate $15,000 in 10 years?
A. $6,441.00
B. $6,460.00
C. $6,400.00
D. $6,480.00
Question 125:
What is the future value of $8,000 invested for 4 years at 6% compounded quarterly?
A. $9,207.28
B. $9,800.00
C. $9,400.00
D. $9,450.00
Question 126:
How much would you have in 12 years if you invested $3,000 today at 5% compounded semiannually?
A. $5,041.52
B. $5,050.50
C. $5,100.00
D. $5,000.00
Question 127:
If $10,000 is invested at 8% compounded annually for 5 years, what will be the future value?
A. $14,693.28
B. $14,700.00
C. $14,800.00
D. $14,750.00
Question 128:
What is the present value of an annuity paying $2,500 per year for 6 years, discounted at 7%?
A. $13,710.80
B. $13,500.00
C. $13,000.00
D. $13,250.00
Question 129:
What is the future value of $6,000 invested for 7 years at 4% compounded annually?
A. $7,846.85
B. $7,540.20
C. $7,700.00
D. $7,650.00
Question 130:
How much will you have in 20 years if you invest $5,000 at 3% compounded annually?
A. $9,038.22
B. $9,100.00
C. $9,000.00
D. $8,900.00
Question 131:
What is the present value of $2,000 to be received in 5 years, discounted at 6% compounded annually?
A. $1,492.54
B. $1,600.00
C. $1,500.00
D. $1,550.00
Question 132:
How much would you need to invest today at 7% compounded quarterly to accumulate $25,000 in 6 years?
A. $17,370.11
B. $18,500.00
C. $17,500.00
D. $17,700.00
Question 133:
What is the future value of a $4,000 investment after 3 years at an interest rate of 9% compounded quarterly?
A. $5,179.10
B. $5,000.00
C. $5,100.00
D. $5,200.00
Question 134:
What is the present value of an annuity that pays $800 per year for 10 years at a discount rate of 5% compounded annually?
A. $6,129.78
B. $6,000.00
C. $6,500.00
D. $6,200.00
Question 135:
What is the future value of $3,000 invested for 8 years at 5% compounded monthly?
A. $4,467.74
B. $4,400.00
C. $4,500.00
D. $4,600.00
Question 136:
How much would you need to invest today to receive $10,000 in 4 years at an interest rate of 12% compounded annually?
A. $5,657.52
B. $5,600.00
C. $5,500.00
D. $5,700.00
Question 137:
What is the future value of a $2,500 investment made at the end of each year for 5 years at 10% compounded annually?
A. $15,528.15
B. $15,000.00
C. $14,900.00
D. $14,850.00
Question 138:
If you invest $7,000 today at an interest rate of 5% compounded annually, what will the investment be worth in 10 years?
A. $11,470.00
B. $11,500.00
C. $11,000.00
D. $11,200.00
Question 139:
What is the present value of $6,000 to be received in 8 years, discounted at 3% compounded annually?
A. $4,544.68
B. $4,500.00
C. $4,600.00
D. $4,400.00
Question 140:
What is the future value of a $5,000 investment after 6 years at an interest rate of 8% compounded annually?
A. $7,938.88
B. $7,500.00
C. $7,400.00
D. $7,700.00
Question 141:
What is the present value of $15,000 to be received in 5 years at a discount rate of 4% compounded annually?
A. $12,290.60
B. $12,500.00
C. $12,000.00
D. $12,200.00
Question 142:
How much would you need to invest today at 10% compounded quarterly to accumulate $100,000 in 20 years?
A. $18,588.04
B. $19,000.00
C. $19,500.00
D. $18,000.00
Question 143:
What is the future value of an annuity that pays $3,500 annually for 4 years at 8% compounded annually?
A. $15,166.00
B. $15,000.00
C. $15,500.00
D. $16,000.00
Question 144:
What is the present value of a perpetuity that pays $1,200 annually with a discount rate of 6%?
A. $20,000
B. $18,000
C. $19,500
D. $21,000
Question 145:
If the interest rate is 7% compounded semiannually, what is the effective annual rate (EAR)?
A. 7.12%
B. 7.10%
C. 7.15%
D. 7.08%
Question 146:
What is the future value of $20,000 invested for 3 years at 10% compounded monthly?
A. $26,662.00
B. $25,000.00
C. $27,000.00
D. $25,500.00
Question 147:
What is the present value of an annuity that pays $1,500 annually for 8 years, discounted at 4% compounded annually?
A. $10,906.00
B. $10,000.00
C. $11,000.00
D. $9,800.00
Question 148:
How much would you need to invest today at 8% compounded annually to accumulate $40,000 in 6 years?
A. $26,573.98
B. $27,000.00
C. $28,000.00
D. $25,500.00
Question 149:
What is the future value of $5,000 invested for 6 years at 5% compounded annually?
A. $6,760.10
B. $6,800.00
C. $6,700.00
D. $6,900.00
Question 150:
What is the present value of $8,000 to be received in 3 years, discounted at 9% compounded annually?
A. $6,056.04
B. $6,000.00
C. $6,500.00
D. $6,200.00
Question 151:
How much must be invested today at 12% compounded quarterly to accumulate $50,000 in 10 years?
A. $17,855.19
B. $17,500.00
C. $18,000.00
D. $17,250.00
Question 152:
What is the future value of a $3,500 investment after 4 years at 9% compounded semiannually?
A. $5,324.80
B. $5,100.00
C. $5,200.00
D. $5,350.00
Question 153:
What is the present value of $18,000 to be received in 7 years at a discount rate of 5% compounded annually?
A. $12,744.68
B. $12,500.00
C. $13,000.00
D. $12,200.00
Question 154:
What is the future value of a $1,500 investment made at the end of each year for 7 years at 6% compounded annually?
A. $11,301.00
B. $11,500.00
C. $11,600.00
D. $11,200.00
Question 155:
How much must be invested today to receive $3,000 in 5 years at an interest rate of 10% compounded annually?
A. $1,862.61
B. $1,900.00
C. $2,000.00
D. $1,800.00
Question 156:
What is the future value of an annuity that pays $3,000 annually for 6 years at 4% compounded annually?
A. $20,000.00
B. $18,000.00
C. $19,000.00
D. $19,500.00
Question 157:
What is the future value of a $10,000 investment after 5 years at an interest rate of 8% compounded quarterly?
A. $14,693.28
B. $14,000.00
C. $15,000.00
D. $13,500.00
Question 158:
How much must be invested today at 7% compounded monthly to accumulate $50,000 in 10 years?
A. $25,348.14
B. $24,500.00
C. $26,000.00
D. $27,500.00
Question 159:
What is the present value of $12,000 to be received in 5 years at an interest rate of 6% compounded annually?
A. $8,975.78
B. $9,000.00
C. $8,800.00
D. $9,500.00
Question 160:
How much would you need to invest today at 4% compounded annually to accumulate $8,000 in 8 years?
A. $5,888.90
B. $6,000.00
C. $5,500.00
D. $6,200.00
Question 161:
What is the future value of a $3,000 investment after 3 years at 5% compounded annually?
A. $3,915.25
B. $3,800.00
C. $4,000.00
D. $3,700.00
Question 162:
What is the present value of a perpetuity that pays $2,000 annually at a discount rate of 5%?
A. $40,000
B. $45,000
C. $42,000
D. $35,000
Question 163:
How much would you need to invest today to accumulate $60,000 in 15 years at 6% compounded quarterly?
A. $27,748.83
B. $28,000.00
C. $29,000.00
D. $30,000.00
Question 164:
What is the future value of a $12,000 investment after 10 years at 9% compounded annually?
A. $28,286.87
B. $25,000.00
C. $27,000.00
D. $26,500.00
Question 165:
How much must be invested today at 8% compounded annually to accumulate $18,000 in 4 years?
A. $13,430.17
B. $14,000.00
C. $13,500.00
D. $14,500.00
Question 166:
What is the present value of an annuity that pays $2,000 annually for 5 years at 6% compounded annually?
A. $8,530.10
B. $8,000.00
C. $8,200.00
D. $7,900.00
Question 167:
How much must be invested today to accumulate $25,000 in 12 years at 5% compounded annually?
A. $13,765.47
B. $13,500.00
C. $14,000.00
D. $13,000.00
Question 168:
What is the future value of a $4,000 investment made at the end of each year for 6 years at 3% compounded annually?
A. $25,797.91
B. $26,000.00
C. $25,500.00
D. $26,500.00
Question 169:
What is the present value of $3,000 to be received in 6 years, discounted at 10% compounded annually?
A. $1,684.28
B. $1,700.00
C. $1,500.00
D. $1,600.00
Question 170:
How much must be invested today at 9% compounded monthly to accumulate $20,000 in 8 years?
A. $9,719.51
B. $9,500.00
C. $10,000.00
D. $9,800.00
Question 171:
What is the future value of a $2,500 investment after 4 years at 6% compounded quarterly?
A. $3,190.79
B. $3,100.00
C. $3,200.00
D. $3,300.00
Question 172:
What is the present value of an annuity that pays $4,000 annually for 10 years at 7% compounded annually?
A. $27,217.45
B. $28,000.00
C. $27,000.00
D. $26,000.00
Question 173:
How much would you need to invest today at 11% compounded semiannually to accumulate $100,000 in 10 years?
A. $37,695.42
B. $35,000.00
C. $36,500.00
D. $38,000.00
Question 174:
What is the future value of a $5,000 investment made at the end of each year for 3 years at 8% compounded annually?
A. $16,922.56
B. $16,000.00
C. $16,500.00
D. $15,000.00
Question 175:
How much would you need to invest today at 10% compounded annually to accumulate $15,000 in 5 years?
A. $9,319.09
B. $9,000.00
C. $9,500.00
D. $9,800.00
Question 176:
What is the present value of $25,000 to be received in 10 years, discounted at 12% compounded annually?
A. $8,963.43
B. $8,500.00
C. $9,000.00
D. $9,500.00
Question 177:
What is the future value of a $10,000 investment made at the end of each year for 7 years at 6% compounded annually?
A. $80,340.08
B. $81,000.00
C. $82,000.00
D. $80,500.00
Question 178:
What is the present value of $15,000 to be received in 4 years, discounted at 5% compounded annually?
A. $12,348.23
B. $12,500.00
C. $12,000.00
D. $11,800.00
Question 179:
How much must be invested today to accumulate $12,000 in 6 years at 6% compounded semiannually?
A. $8,510.14
B. $8,500.00
C. $8,600.00
D. $8,400.00
Question 180:
What is the future value of a $6,000 investment made at the end of each year for 10 years at 4% compounded annually?
A. $73,899.84
B. $72,000.00
C. $74,000.00
D. $70,000.00
Question 181:
What is the future value of a $5,000 investment made at the beginning of each year for 4 years at 8% compounded annually?
A. $23,363.79
B. $24,000.00
C. $23,000.00
D. $22,000.00
Question 182:
How much would you need to invest today at 7% compounded quarterly to accumulate $50,000 in 8 years?
A. $32,671.88
B. $31,000.00
C. $33,000.00
D. $30,000.00
Question 183:
What is the present value of an annuity that pays $10,000 annually for 5 years at 5% compounded annually?
A. $43,295.38
B. $42,000.00
C. $40,000.00
D. $44,000.00
Question 184:
What is the future value of a $2,000 investment made at the end of each year for 6 years at 9% compounded annually?
A. $15,119.93
B. $14,500.00
C. $15,000.00
D. $14,000.00
Question 185:
How much must be invested today at 6% compounded semiannually to accumulate $100,000 in 15 years?
A. $40,126.25
B. $45,000.00
C. $50,000.00
D. $43,000.00
Question 186:
What is the present value of $6,000 to be received in 3 years, discounted at 10% compounded annually?
A. $4,505.26
B. $4,500.00
C. $4,400.00
D. $4,000.00
Question 187:
What is the future value of a $15,000 investment made at the end of each year for 10 years at 12% compounded annually?
A. $234,687.18
B. $230,000.00
C. $240,000.00
D. $235,000.00
Question 188:
How much must be invested today to accumulate $20,000 in 4 years at 7% compounded quarterly?
A. $16,296.94
B. $15,000.00
C. $17,000.00
D. $18,000.00
Question 189:
What is the present value of an annuity that pays $8,000 annually for 7 years at 6% compounded annually?
A. $47,081.71
B. $45,000.00
C. $46,000.00
D. $48,000.00
Question 190:
What is the future value of a $1,000 investment after 4 years at 5% compounded annually?
A. $1,215.51
B. $1,200.00
C. $1,250.00
D. $1,300.00
Question 191:
How much must be invested today at 9% compounded semiannually to accumulate $12,000 in 5 years?
A. $7,727.48
B. $8,000.00
C. $7,500.00
D. $8,200.00
Question 192:
What is the present value of $5,000 to be received in 2 years, discounted at 6% compounded annually?
A. $4,453.17
B. $4,400.00
C. $4,600.00
D. $4,500.00
Question 193:
How much must be invested today at 8% compounded monthly to accumulate $80,000 in 12 years?
A. $38,077.21
B. $40,000.00
C. $42,000.00
D. $45,000.00
Question 194:
What is the future value of a $12,000 investment made at the end of each year for 5 years at 7% compounded annually?
A. $70,506.38
B. $72,000.00
C. $73,000.00
D. $71,000.00
Question 195:
How much would you need to invest today at 6% compounded quarterly to accumulate $25,000 in 8 years?
A. $16,773.96
B. $17,000.00
C. $18,000.00
D. $15,000.00
Question 196:
What is the present value of $50,000 to be received in 10 years, discounted at 3% compounded annually?
A. $37,530.49
B. $35,000.00
C. $36,000.00
D. $34,000.00
Question 197:
What is the future value of a $4,000 investment made at the end of each year for 3 years at 10% compounded annually?
A. $13,064.40
B. $13,000.00
C. $14,000.00
D. $12,000.00
Question 198:
How much must be invested today to accumulate $5,000 in 6 years at 4% compounded semiannually?
A. $4,224.74
B. $4,300.00
C. $4,500.00
D. $4,000.00
Question 199:
What is the present value of an annuity that pays $3,000 annually for 10 years at 8% compounded annually?
A. $20,902.93
B. $21,000.00
C. $22,000.00
D. $19,000.00
Question 200:
How much would you need to invest today at 5% compounded annually to accumulate $45,000 in 15 years?
A. $18,380.88
B. $18,500.00
C. $19,000.00
D. $17,500.00
Question 201:
What is the future value of a $7,000 investment after 8 years at 6% compounded quarterly?
A. $11,098.61
B. $10,500.00
C. $11,000.00
D. $12,000.00
Question 202:
What is the present value of $8,000 to be received in 6 years, discounted at 9% compounded annually?
A. $4,746.56
B. $4,800.00
C. $4,500.00
D. $4,000.00
Question 203:
What is the future value of a $3,000 investment made at the end of each year for 7 years at 6% compounded annually?
A. $24,222.45
B. $24,000.00
C. $25,000.00
D. $23,500.00
Question 204:
How much must be invested today at 10% compounded quarterly to accumulate $50,000 in 10 years?
A. $19,124.27
B. $20,000.00
C. $18,000.00
D. $19,500.00
Question 205:
What is the present value of an annuity that pays $6,000 annually for 9 years at 5% compounded annually?
A. $43,107.76
B. $44,000.00
C. $42,000.00
D. $45,000.00
Question 206:
How much would you need to invest today at 12% compounded annually to accumulate $75,000 in 10 years?
A. $26,674.60
B. $27,000.00
C. $28,000.00
D. $29,000.00
Question 207:
What is the future value of a $8,000 investment made at the end of each year for 4 years at 4% compounded annually?
A. $34,221.00
B. $33,000.00
C. $35,000.00
D. $36,000.00
Question 208:
How much must be invested today to accumulate $10,000 in 5 years at 9% compounded semiannually?
A. $6,453.23
B. $6,500.00
C. $7,000.00
D. $6,800.00
Question 209:
What is the future value of a $9,000 investment made at the end of each year for 10 years at 5% compounded annually?
A. $14,693.33
B. $15,000.00
C. $16,000.00
D. $14,000.00
Question 210:
How much must be invested today at 8% compounded quarterly to accumulate $60,000 in 12 years?
A. $24,323.06
B. $25,000.00
C. $27,000.00
D. $26,000.00
Question 211:
What is the present value of $3,000 to be received in 2 years, discounted at 7% compounded semiannually?
A. $2,612.46
B. $2,500.00
C. $2,800.00
D. $2,600.00
Question 212:
What is the future value of a $2,500 investment made at the end of each year for 6 years at 10% compounded annually?
A. $18,130.51
B. $19,000.00
C. $20,000.00
D. $17,500.00
Question 213:
How much must be invested today at 5% compounded annually to accumulate $15,000 in 8 years?
A. $10,439.76
B. $11,000.00
C. $10,500.00
D. $12,000.00
Question 214:
What is the present value of an annuity that pays $5,000 annually for 4 years at 8% compounded annually?
A. $17,312.16
B. $16,000.00
C. $18,000.00
D. $19,000.00
Question 215:
What is the future value of a $6,000 investment made at the end of each year for 3 years at 12% compounded annually?
A. $22,630.60
B. $21,000.00
C. $23,000.00
D. $20,000.00
Question 216:
How much must be invested today at 3% compounded quarterly to accumulate $25,000 in 6 years?
A. $22,154.14
B. $21,000.00
C. $23,000.00
D. $24,000.00
Question 217:
What is the present value of $20,000 to be received in 10 years, discounted at 4% compounded annually?
A. $13,567.67
B. $14,000.00
C. $12,000.00
D. $15,000.00
Question 218:
What is the future value of a $2,000 investment made at the beginning of each year for 7 years at 6% compounded annually?
A. $15,264.19
B. $14,000.00
C. $16,000.00
D. $17,000.00
Question 219:
How much must be invested today at 9% compounded semiannually to accumulate $70,000 in 10 years?
A. $30,130.84
B. $31,000.00
C. $32,000.00
D. $29,000.00
Question 220:
What is the present value of an annuity that pays $4,000 annually for 6 years at 7% compounded annually?
A. $21,343.60
B. $20,000.00
C. $22,000.00
D. $23,000.00
Question 221:
What is the future value of a $10,000 investment made at the end of each year for 5 years at 9% compounded annually?
A. $62,268.85
B. $60,000.00
C. $65,000.00
D. $63,000.00
Question 222:
How much must be invested today at 7% compounded annually to accumulate $50,000 in 10 years?
A. $25,458.96
B. $24,000.00
C. $26,000.00
D. $27,000.00
Question 223:
What is the present value of $2,500 to be received in 3 years, discounted at 5% compounded annually?
A. $2,171.23
B. $2,200.00
C. $2,250.00
D. $2,300.00
Question 224:
What is the future value of a $5,000 investment made at the end of each year for 8 years at 10% compounded annually?
A. $53,907.49
B. $52,000.00
C. $55,000.00
D. $54,000.00
Question 225:
How much must be invested today at 8% compounded quarterly to accumulate $40,000 in 5 years?
A. $27,459.16
B. $28,000.00
C. $30,000.00
D. $29,000.00
Question 226:
What is the present value of an annuity that pays $10,000 annually for 3 years at 5% compounded annually?
A. $27,500.00
B. $28,000.00
C. $26,000.00
D. $27,000.00
Question 227:
What is the future value of a $5,000 investment made at the end of each year for 9 years at 6% compounded annually?
A. $61,256.98
B. $60,000.00
C. $62,000.00
D. $63,000.00
Question 228:
How much must be invested today at 4% compounded quarterly to accumulate $15,000 in 6 years?
A. $12,379.45
B. $13,000.00
C. $12,500.00
D. $13,500.00
Question 229:
What is the present value of $12,000 to be received in 4 years, discounted at 9% compounded semiannually?
A. $9,147.16
B. $8,000.00
C. $9,000.00
D. $10,000.00
Question 230:
What is the future value of a $1,500 investment made at the end of each year for 6 years at 7% compounded annually?
A. $11,548.06
B. $12,000.00
C. $13,000.00
D. $10,000.00
Question 231:
How much must be invested today at 6% compounded annually to accumulate $30,000 in 10 years?
A. $16,896.92
B. $17,000.00
C. $18,000.00
D. $19,000.00
Question 232:
What is the present value of an annuity that pays $2,500 annually for 7 years at 5% compounded annually?
A. $15,577.29
B. $14,000.00
C. $16,000.00
D. $17,000.00
Question 233:
What is the future value of a $3,000 investment made at the end of each year for 5 years at 11% compounded annually?
A. $18,030.81
B. $19,000.00
C. $20,000.00
D. $17,500.00
Question 234:
How much must be invested today at 5% compounded semiannually to accumulate $10,000 in 8 years?
A. $6,385.08
B. $6,000.00
C. $7,000.00
D. $5,500.00
Question 235:
What is the present value of $8,000 to be received in 6 years, discounted at 5% compounded quarterly?
A. $5,917.56
B. $6,000.00
C. $6,500.00
D. $5,800.00
Question 236:
What is the future value of a $4,000 investment made at the end of each year for 10 years at 8% compounded annually?
A. $58,898.57
B. $60,000.00
C. $55,000.00
D. $59,000.00
Question 237:
How much must be invested today at 7% compounded annually to accumulate $25,000 in 9 years?
A. $14,418.07
B. $15,000.00
C. $13,000.00
D. $14,000.00
Question 238:
What is the present value of an annuity that pays $3,000 annually for 8 years at 4% compounded annually?
A. $21,543.17
B. $22,000.00
C. $20,000.00
D. $19,000.00
Question 239:
What is the future value of a $6,000 investment made at the end of each year for 12 years at 10% compounded annually?
A. $118,922.68
B. $120,000.00
C. $125,000.00
D. $115,000.00
Question 240:
How much must be invested today at 6% compounded quarterly to accumulate $50,000 in 7 years?
A. $35,255.79
B. $36,000.00
C. $34,000.00
D. $33,000.00
Question 241:
What is the present value of $4,500 to be received in 3 years, discounted at 9% compounded annually?
A. $3,466.84
B. $3,500.00
C. $3,700.00
D. $3,600.00
Question 242:
What is the future value of a $7,000 investment made at the end of each year for 5 years at 11% compounded annually?
A. $44,548.42
B. $45,000.00
C. $46,000.00
D. $43,000.00
Question 243:
How much must be invested today at 10% compounded quarterly to accumulate $40,000 in 4 years?
A. $27,237.55
B. $28,000.00
C. $26,000.00
D. $30,000.00
Question 244:
What is the present value of an annuity that pays $6,000 annually for 7 years at 3% compounded annually?
A. $37,909.56
B. $36,000.00
C. $38,000.00
D. $35,000.00
Question 245:
What is the future value of a $12,000 investment made at the end of each year for 4 years at 5% compounded annually?
A. $54,610.25
B. $55,000.00
C. $56,000.00
D. $53,000.00
Question 246:
How much must be invested today at 8% compounded annually to accumulate $15,000 in 5 years?
A. $10,239.70
B. $10,000.00
C. $11,000.00
D. $9,500.00
Question 247:
What is the present value of $5,000 to be received in 2 years, discounted at 7% compounded semiannually?
A. $4,347.16
B. $4,500.00
C. $4,600.00
D. $4,700.00
Question 248:
What is the future value of a $8,000 investment made at the end of each year for 6 years at 12% compounded annually?
A. $63,974.75
B. $64,000.00
C. $62,000.00
D. $60,000.00
Question 249:
How much must be invested today at 3% compounded annually to accumulate $30,000 in 6 years?
A. $25,705.02
B. $24,000.00
C. $26,000.00
D. $27,000.00
Question 250:
What is the present value of an annuity that pays $4,500 annually for 9 years at 6% compounded annually?
A. $30,890.99
B. $31,000.00
C. $32,000.00
D. $29,000.00
Question 251:
What is the future value of a $5,500 investment made at the end of each year for 4 years at 15% compounded annually?
A. $33,267.56
B. $32,000.00
C. $34,000.00
D. $31,000.00
Question 252:
How much must be invested today at 10% compounded annually to accumulate $100,000 in 15 years?
A. $38,248.17
B. $40,000.00
C. $42,000.00
D. $39,000.00
Question 253:
What is the present value of $10,000 to be received in 8 years, discounted at 4% compounded semiannually?
A. $7,487.14
B. $8,000.00
C. $7,600.00
D. $7,800.00
Question 254:
What is the future value of a $1,000 investment made at the end of each year for 6 years at 7% compounded annually?
A. $7,712.63
B. $8,000.00
C. $7,500.00
D. $8,500.00
Question 255:
How much must be invested today at 6% compounded annually to accumulate $20,000 in 4 years?
A. $15,849.26
B. $16,000.00
C. $14,000.00
D. $15,000.00
Question 256:
What is the present value of $6,000 to be received in 5 years, discounted at 5% compounded quarterly?
A. $4,707.37
B. $4,800.00
C. $4,600.00
D. $4,500.00
Question 257:
What is the future value of a $9,000 investment made at the end of each year for 3 years at 8% compounded annually?
A. $29,367.99
B. $28,000.00
C. $30,000.00
D. $31,000.00
Question 258:
How much must be invested today at 4% compounded quarterly to accumulate $70,000 in 12 years?
A. $45,145.61
B. $46,000.00
C. $47,000.00
D. $48,000.00
Question 259:
What is the present value of an annuity that pays $3,000 annually for 10 years at 7% compounded annually?
A. $22,612.92
B. $23,000.00
C. $21,000.00
D. $24,000.00
Question 260:
What is the future value of a $2,000 investment made at the end of each year for 7 years at 6% compounded annually?
A. $16,654.60
B. $17,000.00
C. $18,000.00
D. $19,000.00
Question 261:
What is the present value of $3,500 to be received in 5 years, discounted at 6% compounded annually?
A. $2,613.50
B. $2,800.00
C. $2,650.00
D. $2,700.00
Question 262:
What is the future value of a $9,000 investment made at the end of each year for 10 years at 5% compounded annually?
A. $14,722.00
B. $15,000.00
C. $13,000.00
D. $16,000.00
Question 263:
How much must be invested today at 12% compounded quarterly to accumulate $60,000 in 6 years?
A. $33,708.17
B. $35,000.00
C. $36,000.00
D. $34,000.00
Question 264:
What is the present value of an annuity that pays $4,000 annually for 8 years at 9% compounded annually?
A. $25,689.93
B. $26,000.00
C. $24,000.00
D. $23,000.00
Question 265:
What is the future value of a $5,000 investment made at the end of each year for 4 years at 7% compounded annually?
A. $22,000.00
B. $21,500.00
C. $21,000.00
D. $22,800.00
Question 266:
How much must be invested today at 9% compounded annually to accumulate $40,000 in 5 years?
A. $26,128.24
B. $27,000.00
C. $28,000.00
D. $30,000.00
Question 267:
What is the present value of $8,000 to be received in 6 years, discounted at 8% compounded annually?
A. $5,267.62
B. $5,500.00
C. $5,600.00
D. $5,400.00
Question 268:
What is the future value of a $3,000 investment made at the end of each year for 8 years at 6% compounded annually?
A. $26,957.00
B. $27,000.00
C. $26,000.00
D. $25,000.00
Question 269:
How much must be invested today at 5% compounded annually to accumulate $35,000 in 10 years?
A. $21,527.23
B. $22,000.00
C. $20,000.00
D. $23,000.00
Question 270:
What is the present value of an annuity that pays $5,000 annually for 7 years at 4% compounded annually?
A. $31,851.15
B. $32,000.00
C. $30,000.00
D. $29,000.00
Question 271:
What is the future value of a $6,000 investment made at the end of each year for 3 years at 10% compounded annually?
A. $22,300.00
B. $22,000.00
C. $23,000.00
D. $21,000.00
Question 272:
How much must be invested today at 3% compounded annually to accumulate $50,000 in 10 years?
A. $37,335.98
B. $38,000.00
C. $35,000.00
D. $36,000.00
Question 273:
What is the present value of $10,000 to be received in 3 years, discounted at 7% compounded semiannually?
A. $8,537.16
B. $8,600.00
C. $8,800.00
D. $9,000.00
Question 274:
What is the future value of a $2,500 investment made at the end of each year for 5 years at 9% compounded annually?
A. $15,689.00
B. $16,000.00
C. $14,000.00
D. $13,000.00
Question 275:
How much must be invested today at 4% compounded quarterly to accumulate $80,000 in 8 years?
A. $58,312.56
B. $59,000.00
C. $57,000.00
D. $60,000.00
Question 276:
What is the present value of an annuity that pays $7,000 annually for 6 years at 5% compounded annually?
A. $36,161.97
B. $35,000.00
C. $37,000.00
D. $38,000.00
Question 277:
What is the future value of a $4,000 investment made at the end of each year for 4 years at 5% compounded annually?
A. $18,549.00
B. $18,000.00
C. $17,000.00
D. $19,000.00
Question 278:
How much must be invested today at 10% compounded annually to accumulate $15,000 in 6 years?
A. $8,439.94
B. $8,500.00
C. $9,000.00
D. $9,500.00
Question 279:
What is the present value of $12,000 to be received in 4 years, discounted at 3% compounded annually?
A. $10,626.68
B. $10,500.00
C. $11,000.00
D. $9,800.00
Question 280:
What is the future value of a $10,000 investment made at the end of each year for 6 years at 7% compounded annually?
A. $71,716.57
B. $72,000.00
C. $70,000.00
D. $73,000.00
Question 281:
How much must be invested today at 8% compounded quarterly to accumulate $25,000 in 9 years?
A. $14,703.47
B. $15,000.00
C. $14,500.00
D. $13,800.00
Question 282:
What is the present value of an annuity that pays $2,000 annually for 5 years at 8% compounded annually?
A. $8,530.23
B. $8,000.00
C. $9,000.00
D. $7,500.00
Question 283:
What is the future value of a $15,000 investment made at the end of each year for 7 years at 11% compounded annually?
A. $146,282.69
B. $145,000.00
C. $140,000.00
D. $150,000.00
Question 284:
How much must be invested today at 5% compounded annually to accumulate $80,000 in 15 years?
A. $37,897.44
B. $38,000.00
C. $39,000.00
D. $40,000.00
Question 285:
What is the present value of $25,000 to be received in 10 years, discounted at 7% compounded annually?
A. $12,768.85
B. $12,000.00
C. $13,000.00
D. $14,000.00
Question 286:
What is the future value of a $2,000 investment made at the end of each year for 3 years at 6% compounded annually?
A. $6,383.60
B. $6,000.00
C. $5,800.00
D. $6,500.00
Question 287:
How much must be invested today at 7% compounded annually to accumulate $22,000 in 8 years?
A. $13,464.74
B. $13,000.00
C. $14,000.00
D. $15,000.00
Question 288:
What is the present value of an annuity that pays $3,000 annually for 4 years at 6% compounded annually?
A. $10,781.79
B. $11,000.00
C. $10,500.00
D. $9,800.00
Question 289:
What is the present value of $20,000 to be received in 5 years, discounted at 6% compounded semiannually?
A. $14,014.39
B. $14,500.00
C. $15,000.00
D. $16,000.00
Question 290:
What is the future value of a $3,000 investment made at the end of each year for 5 years at 4% compounded annually?
A. $16,150.92
B. $15,000.00
C. $14,500.00
D. $13,000.00
Question 291:
How much must be invested today at 10% compounded quarterly to accumulate $55,000 in 6 years?
A. $30,548.57
B. $31,000.00
C. $32,000.00
D. $29,000.00
Question 292:
What is the present value of an annuity that pays $6,000 annually for 4 years at 9% compounded annually?
A. $20,885.50
B. $21,000.00
C. $19,000.00
D. $20,000.00
Question 293:
What is the future value of a $7,000 investment made at the end of each year for 6 years at 6% compounded annually?
A. $47,435.25
B. $45,000.00
C. $48,000.00
D. $46,000.00
Question 294:
How much must be invested today at 8% compounded annually to accumulate $40,000 in 7 years?
A. $22,837.67
B. $23,000.00
C. $24,000.00
D. $25,000.00
Question 295:
What is the present value of $5,000 to be received in 10 years, discounted at 4% compounded annually?
A. $3,420.20
B. $3,500.00
C. $3,600.00
D. $3,700.00
Question 296:
What is the future value of a $4,000 investment made at the end of each year for 5 years at 8% compounded annually?
A. $23,350.56
B. $24,000.00
C. $25,000.00
D. $26,000.00
Question 297:
How much must be invested today at 6% compounded annually to accumulate $100,000 in 12 years?
A. $50,418.71
B. $51,000.00
C. $52,000.00
D. $53,000.00
Question 298:
What is the present value of an annuity that pays $8,000 annually for 9 years at 5% compounded annually?
A. $57,556.14
B. $58,000.00
C. $59,000.00
D. $60,000.00
Question 299:
What is the future value of a $2,500 investment made at the end of each year for 8 years at 7% compounded annually?
A. $23,247.32
B. $22,000.00
C. $24,000.00
D. $25,000.00
Question 300:
How much must be invested today at 3% compounded quarterly to accumulate $90,000 in 12 years?
A. $63,697.35
B. $64,000.00
C. $65,000.00
D. $66,000.00
Question 301:
What is the present value of $18,000 to be received in 4 years, discounted at 9% compounded annually?
A. $13,400.27
B. $13,500.00
C. $14,000.00
D. $14,500.00
Question 302:
What is the future value of a $2,000 investment made at the end of each year for 6 years at 12% compounded annually?
A. $16,800.00
B. $17,000.00
C. $18,000.00
D. $19,000.00
Question 303:
How much must be invested today at 7% compounded annually to accumulate $60,000 in 9 years?
A. $33,450.58
B. $34,000.00
C. $35,000.00
D. $36,000.00
Question 304:
What is the present value of an annuity that pays $12,000 annually for 5 years at 10% compounded annually?
A. $45,750.00
B. $46,000.00
C. $44,000.00
D. $43,000.00
Question 305:
What is the future value of a $10,000 investment made at the end of each year for 6 years at 9% compounded annually?
A. $71,836.91
B. $70,000.00
C. $72,000.00
D. $73,000.00
Question 306:
How much must be invested today at 8% compounded quarterly to accumulate $80,000 in 8 years?
A. $53,829.18
B. $54,000.00
C. $55,000.00
D. $56,000.00
Question 307:
What is the present value of $50,000 to be received in 15 years, discounted at 6% compounded annually?
A. $20,907.21
B. $21,000.00
C. $22,000.00
D. $23,000.00
Question 308:
What is the future value of a $5,000 investment made at the end of each year for 10 years at 6% compounded annually?
A. $38,160.74
B. $39,000.00
C. $40,000.00
D. $41,000.00
Question 309:
How much must be invested today at 4% compounded annually to accumulate $100,000 in 15 years?
A. $55,251.74
B. $56,000.00
C. $57,000.00
D. $58,000.00
Question 310:
What is the present value of an annuity that pays $4,000 annually for 8 years at 6% compounded annually?
A. $26,768.90
B. $27,000.00
C. $28,000.00
D. $29,000.00
Question 311:
What is the future value of a $6,000 investment made at the end of each year for 4 years at 5% compounded annually?
A. $26,103.00
B. $27,000.00
C. $28,000.00
D. $29,000.00
Question 312:
How much must be invested today at 3% compounded annually to accumulate $45,000 in 12 years?
A. $32,323.37
B. $33,000.00
C. $34,000.00
D. $35,000.00
Question 313:
What is the present value of $40,000 to be received in 7 years, discounted at 10% compounded annually?
A. $20,279.55
B. $21,000.00
C. $22,000.00
D. $23,000.00
Question 314:
What is the present value of $25,000 to be received in 3 years, discounted at 8% compounded quarterly?
A. $19,673.24
B. $20,000.00
C. $21,000.00
D. $22,000.00
Question 315:
What is the future value of a $5,000 investment made at the end of each year for 10 years at 7% compounded annually?
A. $71,004.14
B. $72,000.00
C. $70,000.00
D. $73,000.00
Question 316:
How much must be invested today at 9% compounded annually to accumulate $60,000 in 5 years?
A. $38,117.19
B. $39,000.00
C. $40,000.00
D. $41,000.00
Question 317:
What is the present value of an annuity that pays $3,000 annually for 6 years at 5% compounded annually?
A. $16,120.80
B. $17,000.00
C. $18,000.00
D. $19,000.00
Question 318:
What is the future value of a $2,000 investment made at the end of each year for 12 years at 8% compounded annually?
A. $37,256.32
B. $38,000.00
C. $39,000.00
D. $40,000.00
Question 319:
How much must be invested today at 10% compounded semiannually to accumulate $80,000 in 7 years?
A. $41,130.17
B. $42,000.00
C. $43,000.00
D. $44,000.00
Question 320:
What is the present value of $10,000 to be received in 5 years, discounted at 12% compounded annually?
A. $5,673.01
B. $6,000.00
C. $6,500.00
D. $7,000.00
Question 321:
What is the future value of a $3,000 investment made at the end of each year for 5 years at 9% compounded annually?
A. $18,050.89
B. $19,000.00
C. $20,000.00
D. $21,000.00
Question 322:
How much must be invested today at 4% compounded quarterly to accumulate $50,000 in 10 years?
A. $33,181.47
B. $34,000.00
C. $35,000.00
D. $36,000.00
Question 323:
What is the present value of an annuity that pays $7,500 annually for 8 years at 10% compounded annually?
A. $47,674.86
B. $48,000.00
C. $49,000.00
D. $50,000.00
Question 324:
What is the future value of a $6,000 investment made at the end of each year for 7 years at 5% compounded annually?
A. $47,223.88
B. $48,000.00
C. $49,000.00
D. $50,000.00
Question 325:
How much must be invested today at 7% compounded annually to accumulate $100,000 in 6 years?
A. $70,474.10
B. $71,000.00
C. $72,000.00
D. $73,000.00
Question 326:
What is the present value of $40,000 to be received in 4 years, discounted at 5% compounded semiannually?
A. $32,847.22
B. $33,000.00
C. $34,000.00
D. $35,000.00
Question 327:
What is the future value of a $4,000 investment made at the end of each year for 9 years at 6% compounded annually?
A. $47,240.74
B. $48,000.00
C. $49,000.00
D. $50,000.00
Question 328:
How much must be invested today at 8% compounded quarterly to accumulate $60,000 in 10 years?
A. $28,396.37
B. $29,000.00
C. $30,000.00
D. $31,000.00
Question 329:
What is the present value of $15,000 to be received in 6 years, discounted at 4% compounded annually?
A. $12,430.28
B. $12,500.00
C. $13,000.00
D. $13,500.00
Question 330:
What is the future value of a $10,000 investment made at the end of each year for 4 years at 11% compounded annually?
A. $49,085.42
B. $50,000.00
C. $51,000.00
D. $52,000.00
Question 331:
How much must be invested today at 9% compounded annually to accumulate $35,000 in 3 years?
A. $26,378.11
B. $27,000.00
C. $28,000.00
D. $29,000.00
Question 332:
What is the present value of an annuity that pays $5,000 annually for 4 years at 10% compounded annually?
A. $16,486.48
B. $17,000.00
C. $18,000.00
D. $19,000.00
Question 333:
What is the future value of a $8,000 investment made at the end of each year for 5 years at 7% compounded annually?
A. $46,731.62
B. $47,000.00
C. $48,000.00
D. $49,000.00
Question 334:
How much must be invested today at 10% compounded annually to accumulate $45,000 in 4 years?
A. $30,463.94
B. $31,000.00
C. $32,000.00
D. $33,000.00
Question 335:
What is the present value of $50,000 to be received in 7 years, discounted at 6% compounded annually?
A. $35,319.26
B. $36,000.00
C. $37,000.00
D. $38,000.00
Question 336:
What is the future value of a $2,000 investment made at the end of each year for 6 years at 5% compounded annually?
A. $13,107.78
B. $14,000.00
C. $15,000.00
D. $16,000.00
Question 337:
What is the future value of a $12,000 investment made at the end of each year for 10 years at 7% compounded annually?
A. $133,837.48
B. $135,000.00
C. $136,000.00
D. $137,000.00
Question 338:
How much must be invested today at 6% compounded quarterly to accumulate $25,000 in 5 years?
A. $18,695.77
B. $19,000.00
C. $20,000.00
D. $21,000.00
Question 339:
What is the present value of an annuity that pays $2,000 annually for 6 years at 9% compounded annually?
A. $10,198.89
B. $11,000.00
C. $12,000.00
D. $13,000.00
Question 340:
What is the future value of a $4,500 investment made at the end of each year for 8 years at 5% compounded annually?
A. $42,993.43
B. $43,000.00
C. $44,000.00
D. $45,000.00
Question 341:
How much must be invested today at 8% compounded semiannually to accumulate $15,000 in 3 years?
A. $11,945.43
B. $12,000.00
C. $12,500.00
D. $13,000.00
Question 342:
What is the present value of $30,000 to be received in 4 years, discounted at 6% compounded annually?
A. $23,822.07
B. $24,000.00
C. $25,000.00
D. $26,000.00
Question 343:
What is the future value of a $7,000 investment made at the end of each year for 5 years at 10% compounded annually?
A. $41,335.08
B. $42,000.00
C. $43,000.00
D. $44,000.00
Question 344:
How much must be invested today at 5% compounded quarterly to accumulate $40,000 in 10 years?
A. $24,669.75
B. $25,000.00
C. $26,000.00
D. $27,000.00
Question 345:
What is the present value of an annuity that pays $6,000 annually for 7 years at 8% compounded annually?
A. $35,692.16
B. $36,000.00
C. $37,000.00
D. $38,000.00
Question 346:
What is the future value of a $3,000 investment made at the end of each year for 6 years at 6% compounded annually?
A. $21,372.53
B. $22,000.00
C. $23,000.00
D. $24,000.00
Question 347:
How much must be invested today at 12% compounded annually to accumulate $100,000 in 8 years?
A. $46,319.42
B. $47,000.00
C. $48,000.00
D. $49,000.00
Question 348:
What is the present value of $20,000 to be received in 10 years, discounted at 5% compounded annually?
A. $12,289.61
B. $13,000.00
C. $14,000.00
D. $15,000.00
Question 349:
What is the future value of a $5,000 investment made at the end of each year for 4 years at 7% compounded annually?
A. $22,055.72
B. $23,000.00
C. $24,000.00
D. $25,000.00
Question 350:
How much must be invested today at 9% compounded semiannually to accumulate $60,000 in 6 years?
A. $38,255.56
B. $39,000.00
C. $40,000.00
D. $41,000.00
Question 351:
What is the present value of $50,000 to be received in 5 years, discounted at 6% compounded annually?
A. $37,418.73
B. $38,000.00
C. $39,000.00
D. $40,000.00
Question 352:
What is the future value of a $6,000 investment made at the end of each year for 5 years at 8% compounded annually?
A. $35,141.36
B. $36,000.00
C. $37,000.00
D. $38,000.00
Question 353:
How much must be invested today at 10% compounded quarterly to accumulate $45,000 in 6 years?
A. $25,316.94
B. $26,000.00
C. $27,000.00
D. $28,000.00
Question 354:
What is the present value of an annuity that pays $8,000 annually for 4 years at 7% compounded annually?
A. $29,265.56
B. $30,000.00
C. $31,000.00
D. $32,000.00
Question 355:
What is the future value of a $2,500 investment made at the end of each year for 9 years at 5% compounded annually?
A. $29,492.25
B. $30,000.00
C. $31,000.00
D. $32,000.00
Question 356:
How much must be invested today at 8% compounded annually to accumulate $80,000 in 7 years?
A. $49,049.91
B. $50,000.00
C. $51,000.00
D. $52,000.00
Question 357:
What is the present value of $35,000 to be received in 6 years, discounted at 10% compounded annually?
A. $19,735.72
B. $20,000.00
C. $21,000.00
D. $22,000.00
Question 358:
What is the future value of a $9,000 investment made at the end of each year for 6 years at 6% compounded annually?
A. $64,281.81
B. $65,000.00
C. $66,000.00
D. $67,000.00
Question 359:
How much must be invested today at 12% compounded quarterly to accumulate $50,000 in 5 years?
A. $28,268.57
B. $29,000.00
C. $30,000.00
D. $31,000.00
Question 360:
What is the present value of $25,000 to be received in 4 years, discounted at 3% compounded annually?
A. $22,321.59
B. $23,000.00
C. $24,000.00
D. $25,000.00