Quiz 7

Quiz 7

University

2 Qs

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Quiz 7

Quiz 7

Assessment

Quiz

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Created by

Nam Nguyen

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2 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Your small business has a cash reserve of about $200,000. earning 2% annual interest. How much will that be worth in 3 years?

206000

221000

216000

212000

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

You want $1,000,000 in your retirement account in 50 years. If you account grows at an annual rate of 4%, how much would you have to deposit today to reach $1 million in 50 years?

601000

101000

141000

181000