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Time Value of Money

Total questions: 13

Worksheet time: 8mins

Name
Class
Date
1.

The future value of $100 received today and deposited at 6 percent for four years is

a)

$126

b)

$79

c)

$124

d)

$116

2.

The present value of $200 to be received 10 years from today, assuming an opportunity cost of 10 percent is

a)

$120

b)

can't be determined

c)

$77

d)

$300

3.

If a loan of 30,000 is to be paid in 5 annual installments with interest rate of 9% per annum, then the equal annual installment will be;

a)

can't be determined

b)

7720.63

c)

7,713.00

d)

7713.26

4.

Clara wants to buy a car worth $25,000, 3 years from now. To accumulate the

$25,000, she needs to make equal annual end-of-year deposits into an account

paying annual interest of 5 percent. How much should the annual deposit be?

a)

7,930

b)

6,490

c)

9,510

d)

6,905

5.
The amount money a person expects to have in the future is called
a)
Principal
b)
Future Value
c)
Simple Interest
d)
Present Value
6.
Earning interest on interest is called
a)
Extra Interest
b)
Simple Interest
c)
Inflation Interest
d)
Compound Interest
7.
A fast way to estimate how long it will take your savings to double with compound interest is known as
a)
70-20-10 Rule
b)
Rule of 72
8.

It is a series of equal payments at regular intervals.

a)

Interest

b)

Annuity

c)

Logic

d)

Proposition

9.

Ordinary annuity is paid or received at the _______ of the time periods.

a)

beginning

b)

end

c)

middle

d)

quarter

10.

Time‑value of money is based on the belief that a dollar that will be received at some future date is worth more than a dollar today.

a)

TRUE

b)

FALSE

11.

The annual rate of return is variously referred to as the

a)

discount rate.

b)

opportunity cost.

c)

cost of capital.

d)

all of the above.

12.

The future value of a peso amount _________ as the interest rate increases and _________ the farther in the future an initial deposit is to be received.

a)

decreases; decreases

b)

decreases; increases

c)

increases; increases

13.

(a)   is a stream of unequal periodic cash flows that reflect no particular pattern.