[03] Lesson 3 Exam - Results
Attempt 1 of 2
Written Jun 30, 2025 5:03 PM - Jun 30, 2025 5:22 PM
Attempt Score - 95 %
Overall Grade (Highest Attempt) - 95 %
Question 1 points
In 1970, before the era of major league baseball free agency, the minimum
salary for players was $12,000. In 1975, the minimum salary was $16,000.
What was the average annual growth in the minimum salary in major league
baseball over those five years?
a) 13.40%
b) 2.67%
c) 5.92%
d) 15%
Question 2 points
, A two-year investment of $200 is made today at an annual interest rate of
6%. Which of the following statements is true?
a) The interest earned in Year 1 is $12.72 and Year 2 is $12.
b) The interest earned in Year 1 is $12 and Year 2 is $12.72.
c)
The FV is $224.
d) The future value would be greater if the interest rate were lower.
Question 3 points
Which of the following investments has a larger future value?
Investment - a $1,000 investment earning 5% per year for 6 years
Investment - a $500 investment earning 10% per year for 6 years, with a
bonus of an extra $500 added at the end of the sixth year (Round up to the
nearest dollar.)
a) Investment B, with a future value of $1,386
b) Investment A, with a future value of $1,386
c)
Investment A, with a future value of $1,340
d) The investments have equal value.
Question 4 points
The one-time payment at a future date is often called a:
Attempt 1 of 2
Written Jun 30, 2025 5:03 PM - Jun 30, 2025 5:22 PM
Attempt Score - 95 %
Overall Grade (Highest Attempt) - 95 %
Question 1 points
In 1970, before the era of major league baseball free agency, the minimum
salary for players was $12,000. In 1975, the minimum salary was $16,000.
What was the average annual growth in the minimum salary in major league
baseball over those five years?
a) 13.40%
b) 2.67%
c) 5.92%
d) 15%
Question 2 points
, A two-year investment of $200 is made today at an annual interest rate of
6%. Which of the following statements is true?
a) The interest earned in Year 1 is $12.72 and Year 2 is $12.
b) The interest earned in Year 1 is $12 and Year 2 is $12.72.
c)
The FV is $224.
d) The future value would be greater if the interest rate were lower.
Question 3 points
Which of the following investments has a larger future value?
Investment - a $1,000 investment earning 5% per year for 6 years
Investment - a $500 investment earning 10% per year for 6 years, with a
bonus of an extra $500 added at the end of the sixth year (Round up to the
nearest dollar.)
a) Investment B, with a future value of $1,386
b) Investment A, with a future value of $1,386
c)
Investment A, with a future value of $1,340
d) The investments have equal value.
Question 4 points
The one-time payment at a future date is often called a:
