TEST BANK
Focus on Personal Finance
Jack R. Kapoor
7th Edition
PR
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FD
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,Table of Contents
1. Personal Financial Planning in Action
• Appendix: Time Value of Money
2. Money Management Skills
• Appendix: Developing a Career Strategy
3. Taxes in Your Financial Plan
4. Financial Services: Savings Plans and Payment Accounts
5. Consumer Credit: Advantages, Disadvantages, Sources, and Costs
• Appendix: Education Financing, Loans, and Scholarships
6. Consumer Purchasing and Wise Buying Strategies
• Appendix: Consumer Agencies and Organizations
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7. Selecting and Financing Housing
8. Home and Automobile Insurance
9. Health and Disability Income Insurance
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10.Financial Planning with Life Insurance
11.Investing Basics and Evaluating Bonds
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12.Investing in Stocks
13.Investing in Mutual Funds
14.Starting Early: Retirement and Estate Planning
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,Chapter 1
(ANSWERS AT THE END OF EVERY CHAPTER)
Student name:
1) If inflation is expected to be 9.50 percent, how long will it take for prices to double?
A) 5.58 years
B) 6.58 years
C) 17.58 years
D) 11.58 years
E) 7.58 years
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Question Details
Bloom's : Apply
Difficulty : 3 Hard
Learning Objective : 01-01 Identify social and economic influences on financial literacy and personal
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Topic : Financial Planning
Topic : Finance and Economics
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
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Gradable : automatic
2) If a $12,000 investment earns interest of $1,560 in 1 year, what is its rate of return?
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2)
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A) 100 percent
B) 79 percent
C) 26 percent
, D) 58 percent
E) 13 percent
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
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3) If a $10,000 investment earns a 3.8 percent annual return, what should its value be after 1
year?
3)
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A) $10,000
B) $3,900
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C) $10,380
D) $10,038
E) $3,800
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Question Details
Bloom's : Apply
Difficulty : 3 Hard
C
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)
Focus on Personal Finance
Jack R. Kapoor
7th Edition
PR
O
FD
O
C
,Table of Contents
1. Personal Financial Planning in Action
• Appendix: Time Value of Money
2. Money Management Skills
• Appendix: Developing a Career Strategy
3. Taxes in Your Financial Plan
4. Financial Services: Savings Plans and Payment Accounts
5. Consumer Credit: Advantages, Disadvantages, Sources, and Costs
• Appendix: Education Financing, Loans, and Scholarships
6. Consumer Purchasing and Wise Buying Strategies
• Appendix: Consumer Agencies and Organizations
PR
7. Selecting and Financing Housing
8. Home and Automobile Insurance
9. Health and Disability Income Insurance
O
10.Financial Planning with Life Insurance
11.Investing Basics and Evaluating Bonds
FD
12.Investing in Stocks
13.Investing in Mutual Funds
14.Starting Early: Retirement and Estate Planning
O
C
,Chapter 1
(ANSWERS AT THE END OF EVERY CHAPTER)
Student name:
1) If inflation is expected to be 9.50 percent, how long will it take for prices to double?
A) 5.58 years
B) 6.58 years
C) 17.58 years
D) 11.58 years
E) 7.58 years
PR
Question Details
Bloom's : Apply
Difficulty : 3 Hard
Learning Objective : 01-01 Identify social and economic influences on financial literacy and personal
O
Topic : Financial Planning
Topic : Finance and Economics
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
FD
Gradable : automatic
2) If a $12,000 investment earns interest of $1,560 in 1 year, what is its rate of return?
O
2)
C
A) 100 percent
B) 79 percent
C) 26 percent
, D) 58 percent
E) 13 percent
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
PR
3) If a $10,000 investment earns a 3.8 percent annual return, what should its value be after 1
year?
3)
O
A) $10,000
B) $3,900
FD
C) $10,380
D) $10,038
E) $3,800
O
Question Details
Bloom's : Apply
Difficulty : 3 Hard
C
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)
