Time Value of Money
Quiz by Saad Almenifi
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3 questions
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- Q1If you wish to accumulate $140,000 in 13 years, how much must you deposit today in an account that pays an annual interest rate of 14%?25,4902965867,986137,47760s
- Q2Robert wants to have 50,000 in a retirement fund when he retires in 20 years. If Robert can earn a 6% rate of return on his investments, approximately how much money must he invest at the end of each year for the next 20 years in order to reach his goal?15,5901,35912,456160,357120s
- Q3If 15 equal annual deposits of $12000 are made into an investment account earning 9% starting today, how much will you have in 10 years?749353384041832494568931120s