Due
Points 30
Questions 10
Available
Time Limit None
Instructions
Overview
Task: Complete this quiz.
Purpose: Assess your knowledge of the time value of money, loans, and retirement.
Instructions
1. Review this week's material.
2. Complete this open-book and open to resources quiz.
This is an individual exercise. Do not work on this activity with anyone else
NOTE: The answers to this quiz will be visible after the due date.
Attempt History
Attempt Time Score
LATEST Attempt 1 minutes 30 out of 30
Correct answers will be available on.
Score for this quiz: 30 out of 30
Submitted
This attempt took minutes.
Question 1
pts
Your plan is to have $4,500,000 on hand to retire 40 years from now. At 9% interest (annual), how
much do you need to invest each month, in order to save the $4.5 million?
961.00
1,244.00
2,276.00
1,890.00