FIN 701/MBA 702 FALL AP1-2021 DR.SUNG KIM
COMPREHENSIVE EXAM QUESTIONS WITH DETAILED
VERIFIED AND 100% ACCURATE ANSWERS BRAND NEW
EXAM ALREADY GRADED (A+ PASS)
1. If you deposit $10,000 today into your bank account, what would the
account balance be in 4 years if the account carries an interest rate of
3%? Ans✓✓✓11,255.09
If you want to have $1,000,000 in your bank account in 20 years, how
much do you have to deposit into the account today if the account carries
an interest rate of 5%? Ans✓✓✓376,889.48
What is the future value of the following annuity payments: $10,000 per
year for 25 years at 3% interest rate? Ans✓✓✓364,592.64
What is the future value of the following annuity payments: $1,000
every 3 months for 3 years at an interest rate of 5%, compounded
quarterly? Ans✓✓✓12,860.36
What is the present value of the following annuity payments: $5,000
every 6 months for 10 years at an interest rate of 5%, compounded
semiannually? Ans✓✓✓77,945.81
How much money must be invested today earning a 3% interest rate
compounded annually to have $100,000 in 4 years? Ans✓✓✓-88,848.70
, How much must you deposit today in a bank account paying interest
compounded quarterly if you wish to have $100,000 at the end of 3
months? The bank pays annual rate of 5%. Ans✓✓✓-98,765.43
What annual rate of interest is the bank charging if you borrow $96,386
and must repay $100,000 at the end of 2 quarters if interest is
compounded quarterly? Ans✓✓✓7.44%
You borrowed $95,136 and must repay $100,000 in exactly 3 years from
today. Interest is compounded annually. What is the annual interest rate
of the loan? Ans✓✓✓1.68%
What is the present value of a stream of $5,000 semiannual payments
received at the end of each period for the next 5 years? The annual
interest rate is 3%. Ans✓✓✓-46,110.92
If you deposit $25,000 today into your bank account, what would the
account balance be in 10 years if the account carries an interest rate of
5%? Ans✓✓✓40,722.37
If you want to have $100,000 in your bank account in 15 years, how
much do you have to deposit into the account today if the account carries
an interest rate of 5%? Ans✓✓✓-48,101.71
Find the future value of the following annuity payments: $200 per year
for 9 years at 10 percent interest rate. Ans✓✓✓2,715.90
COMPREHENSIVE EXAM QUESTIONS WITH DETAILED
VERIFIED AND 100% ACCURATE ANSWERS BRAND NEW
EXAM ALREADY GRADED (A+ PASS)
1. If you deposit $10,000 today into your bank account, what would the
account balance be in 4 years if the account carries an interest rate of
3%? Ans✓✓✓11,255.09
If you want to have $1,000,000 in your bank account in 20 years, how
much do you have to deposit into the account today if the account carries
an interest rate of 5%? Ans✓✓✓376,889.48
What is the future value of the following annuity payments: $10,000 per
year for 25 years at 3% interest rate? Ans✓✓✓364,592.64
What is the future value of the following annuity payments: $1,000
every 3 months for 3 years at an interest rate of 5%, compounded
quarterly? Ans✓✓✓12,860.36
What is the present value of the following annuity payments: $5,000
every 6 months for 10 years at an interest rate of 5%, compounded
semiannually? Ans✓✓✓77,945.81
How much money must be invested today earning a 3% interest rate
compounded annually to have $100,000 in 4 years? Ans✓✓✓-88,848.70
, How much must you deposit today in a bank account paying interest
compounded quarterly if you wish to have $100,000 at the end of 3
months? The bank pays annual rate of 5%. Ans✓✓✓-98,765.43
What annual rate of interest is the bank charging if you borrow $96,386
and must repay $100,000 at the end of 2 quarters if interest is
compounded quarterly? Ans✓✓✓7.44%
You borrowed $95,136 and must repay $100,000 in exactly 3 years from
today. Interest is compounded annually. What is the annual interest rate
of the loan? Ans✓✓✓1.68%
What is the present value of a stream of $5,000 semiannual payments
received at the end of each period for the next 5 years? The annual
interest rate is 3%. Ans✓✓✓-46,110.92
If you deposit $25,000 today into your bank account, what would the
account balance be in 10 years if the account carries an interest rate of
5%? Ans✓✓✓40,722.37
If you want to have $100,000 in your bank account in 15 years, how
much do you have to deposit into the account today if the account carries
an interest rate of 5%? Ans✓✓✓-48,101.71
Find the future value of the following annuity payments: $200 per year
for 9 years at 10 percent interest rate. Ans✓✓✓2,715.90
