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Exam (elaborations)

Introductory Financial Management – Uiowa Exam Questions With Correct Revised Answers

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Introductory Financial Management – Uiowa Exam Questions With Correct Revised Answers If you invest $5000 in a 2-year CD and the CD has a return of 4% per year, how much is your investment worth at the end of two years? - answerN = 2 PV = 5,000 I = 4% PMT = 0 PV = ? 5408 How many years would it take to double your money, if you could invest it at 2% per year - answer9 Rule of 72: (72/8%) = 9 What price would you be willing to pay for an investment that delivers $1000 in 3 years if your required return is 6% per year? - answerBasically, what is the present value: N = 3 I = 6% PMT = 0 FV = $

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Institution
UIowa management
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UIowa management

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Uploaded on
September 8, 2024
Number of pages
4
Written in
2024/2025
Type
Exam (elaborations)
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Questions & answers

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  • introductory financial management uiowa exam que

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©THEBRIGHTSTARS 2024



Introductory Financial Management – Uiowa
Exam Questions With Correct
Revised Answers

If you invest $5000 in a 2-year CD and the CD has a return of 4% per year, how much is your
investment worth at the end of two years? - answer✔✔N = 2
PV = 5,000
I = 4%
PMT = 0
PV = ?


5408
How many years would it take to double your money, if you could invest it at 2% per year -
answer✔✔9


Rule of 72: (72/8%) = 9
What price would you be willing to pay for an investment that delivers $1000 in 3 years if your
required return is 6% per year? - answer✔✔Basically, what is the present value:


N=3
I = 6%
PMT = 0
FV = $1000
PV?
$10.49
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