School visit - Time value of money

What is the purpose of financial planning for individuals?

• To avoid budgeting

• To track spending irregularly

• To achieve personal financial goals

• To accumulate debt

If you invest $100 at a 15% annual interest rate, how much would you have after one year?

• $85

• $100

• $110.5

• $115

What is the concept that a dollar today is worth more than a dollar in the future called?

• Present value

• Future value

• Time value of money

• Discounted cash flow

If the interest rate increases, what happens to the Future Value of an investment?

• Increases

• Decreases

• Stays the same

• Depends on the initial investment

What is the name of the lab for Finance students at RMIT Vietnam?

• Financial Lab

• Financial Trading Lab

• Finance and Economics Lab

• Finance Lab

How many business majors are offered at RMIT Vietnam?

• 7

• 8

• 9

• 10