You are planning to save $30,000 for a down payment on a house in 7 years. Assuming an average annual return of 5% on your investments, which formula would you use to determine the present value you need to invest?
Personal Finance Q3 DCA Review

Quiz
•
Mathematics
•
9th - 12th Grade
•
Easy
David Kubotsu
Used 5+ times
FREE Resource
18 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following exponential functions represents an initial value of 1450 and a decay of 18% for x years?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You wish to accumulate $50,000 for a retirement fund in 15 years. Assuming an average annual return of 6% on your investments, which formula would you use to determine the present value you need to invest?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In March, 2020, before the Covid-19 lockdown, 1,200,000 Texans had applied for unemployment. During the COVID-19 lockdown, the number of people applying for unemployment increased by 4% each month. What exponential function can be used to find the number of people applying for unemployment after x months of COVID-19 lockdown?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
10380.91
$11612.92
14387.11
10125.65
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
$3037.69
$3484.85
$3091.25
$4034.67
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
$9570.62
$9963.60
$8147.68
$9424.55
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