22 Aug Online Exam 3 Question 1 5 / 5 points Which of the following will re
Online Exam 3
Question 1 5 / 5 points
Which of the following will result in a future value greater than $100?
Question options:
PV = $50, r = an annual interest rate of 10%, and n = 8 years.
PV = $75, r = an annual interest rate of 12%, and n = 3 years.
PV = $90, r = an annual interest rate of 14%, and n = 1 year.
All of the future values are greater than $100.
Question 2 5 / 5 points
Online Exam 3
Question 1 5 / 5 points
Which of the following will result in a future value greater than $100?
Question options:
PV = $50, r = an annual interest rate of 10%, and n = 8 years.
PV = $75, r = an annual interest rate of 12%, and n = 3 years.
PV = $90, r = an annual interest rate of 14%, and n = 1 year.
All of the future values are greater than $100.
Question 2 5 / 5 points
Your university is running a special offer on tuition. This year’s tuition cost is $18,000. Next year’s tuition cost is scheduled to be $19,080. The university offers to discount next year’s tuition at a rate of 6% if you agree to pay both years’ tuition in full today. How much is the total tuition bill today if you take the offer?
Question options:
$18,000
$34,981
$37,080
$36,000
Question 3 0 / 5 points
Which of the following formulas is correct for finding the present value
of an investment?
Question options:
<p><img border=”0″ id=”MathMLEq1″ src=”https://study.ashworthcollege.edu/access/content/attachment/0ead80b7-a576-497a-bb9e-4c247c462da6/fckeditor/429e575b-0837-46b5-afb1-2057ddf903db/fmath-equation-40E4EDFD-A1CD-E9CF-8E58-AA18D025876A.png” /></p>
<p> PV = FV × (1 + r)<sup>n</sup></p>
<p> PV = FV<sup>n</sup> × (1 + r)</p>
<p><img border=”0″ id=”MathMLEq2″ src=”https://study.ashworthcollege.edu/access/content/attachment/0ead80b7-a576-497a-bb9e-4c247c462da6/fckeditor/955492a1-a2af-4fad-914b-e11637fbcf20/fmath-equation-5EDD8CA8-9A04-BD7F-C0D8-D18344981CE1.png” /></p>
Question 4 5 / 5 points
Gasoline cost $.10 per gallon in 1930. Over the next 60 years, the price rose at an average rate of 4.42% per year. Based on this information, what was the average price of a gallon of gas in 1990?
Question options:
$1.34 per gallon
$1.53 per gallon
$18,000
$34,981
$37,080
$36,000
Question 3 0 / 5 points
Which of the following formulas is correct for finding the present value
of an investment?
Question options:
<p><img border=”0″ id=”MathMLEq1″ src=”https://study.ashworthcollege.edu/access/content/attachment/0ead80b7-a576-497a-bb9e-4c247c462da6/fckeditor/429e575b-0837-46b5-afb1-2057ddf903db/fmath-equation-40E4EDFD-A1CD-E9CF-8E58-AA18D025876A.png” /></p>
<p> PV = FV × (1 + r)<sup>n</sup></p>
<p> PV = FV<sup>n</sup> × (1 + r)</p>
<p><img border=”0″ id=”MathMLEq2″ src=”https://study.ashworthcollege.edu/access/content/attachment/0ead80b7-a576-497a-bb9e-4c247c462da6/fckeditor/955492a1-a2af-4fad-914b-e11637fbcf20/fmath-equation-5EDD8CA8-9A04-BD7F-C0D8-D18344981CE1.png” /></p>
Question 4 5 / 5 points
Gasoline cost $.10 per gallon in 1930. Over the next 60 years, the price rose at an average rate of 4.42% per year. Based on this information, what was the average price of a gallon of gas in 1990?
Question options:
$1.34 per gallon
$1.53 per gallon
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