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