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Examen
Sophia Principles of Finance Unit 2 Challenge 1
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---3octubre 20232023/2024A+
- Sophia 
Principles of Finance 
Unit 2 Challenge 1 
1 — Introduction to the Time Value of Money 
In relation to the time value of money, what is interest? 
The cost of not having money today 
2 — Future Value, Single Cash Flows 
You invest $800 in a scheme that guarantees a return of 9% simple interest annually. 
What is the value of your $800 in three years? 
$1,016 
3 — Present Value, Single Cash Flows 
What is the present value of a $10,000 payment you will receive in one year, assuming ...
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