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标题: Reading 5- LOS D (Part 2) ～ Q1－8 [打印本页]

作者: cfaedu 时间: 2008-4-2 12:04 标题: [2008] Session 2 - Reading 5- LOS D (Part 2) ～ Q1－8

LOS d, (Part 1): Calculate and interpret the future value (FV) and present value (PV) of a single sum of money.

1、What will $10,000 become in 5 years if the annual interest rate is 8 percent, compounded monthly?

A) $14,693.28.

B) $14,898.46.

C) $14,000.00.

D) $14,802.44.

2、If a person needs $20,000 in 5 years from now and interest rates are currently 6 percent how much do they need to invest today if interest is compounded annually?

A) $14,945.

B) $14,683.

C) $14,284.

D) $15,301.

3、An investor deposits $10,000 in a bank account paying 5 percent interest compounded annually. Rounded to the nearest dollar, in 5 years the investor will have:

A) $10,210.

B) $12,763.

C) $12,500.

D) $14,768.

4、A local bank offers a certificate of deposit (CD) that earns 5.0 percent compounded quarterly for three and one half years. If a depositor places $5,000 on deposit, what will be the value of the account at maturity?

A) $5,931.06.

B) $5,875.00.

C) $5,949.77.

D) $5,993.16.

5、Given a 5 percent discount rate, the present value of $500 to be received three years from today is:

A) $432.

B) $400.

C) $452.

D) $578.

6、A certain investment product promises to pay $25,458 at the end of 9 years. If an investor feels this investment should produce a rate of return of 14 percent, compounded annually, what’s the most he should be willing to pay for it?

A) $7,618.

B) $7,829.

C) $8,342.

D) $9,426.

7、A $500 investment offers a 7.5 percent annual rate of return. How much will it be worth in four years?

A) $650.

B) $668.

C) $753.

D) $892.

8、If $10,000 is invested in a mutual fund that returns 12 percent per year, after 30 years the investment will be worth:

A) $10,120.

B) $299,599.

C) $11,200.

D) $300,000.

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