@PROFDOCDIGITALLIBRARIES
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TEST BANK JN
U
R
SE
TEST BANK
,@PROFDOCDIGITALLIBRARIES
TEST BANK
Focus On Personal Finance 7th Edition Jack Kapoor by Les Dlabay, Robert
J. Hughes, Melissa Hart
Student name:
1) If inflation is expected to be 9.50 percent, how long will it take for prices to double?
1)
JN
A) 5.58 years
B) 6.58 years
C) 17.58 years
D) 11.58 years
U
E) 7.58 years
R
Question Details
Bloom's : Apply
Difficulty : 3 Hard
SE
Learning Objective : 01-01 Identify social and economic influences on financial literacy and personal
Topic : Financial Planning
Topic : Finance and Economics
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Gradable : automatic
2) If a $12,000 investment earns interest of $1,560 in 1 year, what is its rate of return?
2)
A) 100 percent
B) 79 percent
C) 26 percent
D) 58 percent
E) 13 percent
,@PROFDOCDIGITALLIBRARIES
Question Details
Bloom's : Apply
Difficulty : 3 Hard
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Gradable : automatic
Learning Objective : 01-03 Calculate time value of money situations to analyze personal financial dec
Topic : Time Value of Money
3) If a $10,000 investment earns a 3.8 percent annual return, what should its value be after 1
year?
3)
JN
A) $10,000
B) $3,900
C) $10,380
D) $10,038
U
E) $3,800
R
Question Details
Bloom's : Apply
SE
Difficulty : 3 Hard
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Gradable : automatic
Learning Objective : 01-03 Calculate time value of money situations to analyze personal financial dec
Topic : Time Value of Money
4) If a $10,000 investment earns a 7 percent annual return, what should its value be after 4
years? Use Exhibit 1-A.
4)
, @PROFDOCDIGITALLIBRARIES
A) $13,110
B) $12,800
C) $10,700
D) $10,035
E) $14,700
Question Details
Bloom's : Apply
Difficulty : 3 Hard
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Gradable : automatic
Learning Objective : 01-03 Calculate time value of money situations to analyze personal financial dec
Topic : Time Value of Money
JN
5) If Melinda Miller estimates that her $350 weekly grocery bill will increase at an annual
U
inflation rate of 3 percent, what should her weekly grocery bill be in 2 years? Use Exhibit 1-A.
5)
R
A) $70.00
B) $105.00
SE
C) $371.35
D) $473.35
E) $380.45
Question Details
Bloom's : Apply
Difficulty : 3 Hard
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Gradable : automatic
Learning Objective : 01-03 Calculate time value of money situations to analyze personal financial dec
Topic : Time Value of Money
`
TEST BANK JN
U
R
SE
TEST BANK
,@PROFDOCDIGITALLIBRARIES
TEST BANK
Focus On Personal Finance 7th Edition Jack Kapoor by Les Dlabay, Robert
J. Hughes, Melissa Hart
Student name:
1) If inflation is expected to be 9.50 percent, how long will it take for prices to double?
1)
JN
A) 5.58 years
B) 6.58 years
C) 17.58 years
D) 11.58 years
U
E) 7.58 years
R
Question Details
Bloom's : Apply
Difficulty : 3 Hard
SE
Learning Objective : 01-01 Identify social and economic influences on financial literacy and personal
Topic : Financial Planning
Topic : Finance and Economics
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Gradable : automatic
2) If a $12,000 investment earns interest of $1,560 in 1 year, what is its rate of return?
2)
A) 100 percent
B) 79 percent
C) 26 percent
D) 58 percent
E) 13 percent
,@PROFDOCDIGITALLIBRARIES
Question Details
Bloom's : Apply
Difficulty : 3 Hard
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Gradable : automatic
Learning Objective : 01-03 Calculate time value of money situations to analyze personal financial dec
Topic : Time Value of Money
3) If a $10,000 investment earns a 3.8 percent annual return, what should its value be after 1
year?
3)
JN
A) $10,000
B) $3,900
C) $10,380
D) $10,038
U
E) $3,800
R
Question Details
Bloom's : Apply
SE
Difficulty : 3 Hard
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Gradable : automatic
Learning Objective : 01-03 Calculate time value of money situations to analyze personal financial dec
Topic : Time Value of Money
4) If a $10,000 investment earns a 7 percent annual return, what should its value be after 4
years? Use Exhibit 1-A.
4)
, @PROFDOCDIGITALLIBRARIES
A) $13,110
B) $12,800
C) $10,700
D) $10,035
E) $14,700
Question Details
Bloom's : Apply
Difficulty : 3 Hard
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Gradable : automatic
Learning Objective : 01-03 Calculate time value of money situations to analyze personal financial dec
Topic : Time Value of Money
JN
5) If Melinda Miller estimates that her $350 weekly grocery bill will increase at an annual
U
inflation rate of 3 percent, what should her weekly grocery bill be in 2 years? Use Exhibit 1-A.
5)
R
A) $70.00
B) $105.00
SE
C) $371.35
D) $473.35
E) $380.45
Question Details
Bloom's : Apply
Difficulty : 3 Hard
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Gradable : automatic
Learning Objective : 01-03 Calculate time value of money situations to analyze personal financial dec
Topic : Time Value of Money
