Reference no: EM133069954
Questions -
Q1. What is the future value of $1250 (today) after 5 years at 6% APR compounded monthly?
a) $1,686 b) $6,047 c) $7,046 d) $1,673
Q2. What is the future value of $245 in six years? The interest rate (APR) is 4%, compounded monthly.
a) $311 b) $19,900 c) $310 d) $1,625
Q3. What is the present value of $300 monthly payments paid over three years at an APR of 6% compounded monthly?
a) $9,861 b) $9,890 c) $4,386 d) $4,460
Q4. What is the present value of a single payment of $245 at the end of the third year? The interest rate (APR) is 4%, compounded yearly.
a) $220 b) $265 c) $218 d) $215
Q5. What is the future value of $1250 (today) after 5 years at 6% APR compounded annually?
a) $1,673 b) $7,046 c) $6,047 d) $1,763