Calculate the future value (FV) of: $500 today invested in a financial tool with a rate of return of 12% that compounds 12 times a year for 8 years.

Question 2 options:

$1,299.64

$1,237.98

$563.00

$1,947.99
Calculate the future value (FV):

Yearly payments of $50 starting on year 1 in a financial tool with a rate of return of 10% that compounds 1 times a year for 5 years.

Question 4 options:

$330.78

$305.26

$380.78

$260.20
Calculate the present value (PV):

You would like to have $20,000 in 5 years from now to use as a down payment for a house. If you can invest at 8% APR compounded yearly, how much money will you have to invest today to meet your goal 5 years from now?

Question 5 options:

$13,448.92

$18,474.02

$13,611.66

$18,253.89
Calculate the present value (PV):

You would like to have $20,000 in 5 years from now to use as a down payment for a house. If you can invest at 8% APR compounded every three (3) months, how much money will you have to invest today to meet your goal 5 years from now?

Question 6 options:

$13,459.43

$18,474.02

$13,611.66

$18,114.62
Calculate the present value (PV):

You win the lottery and you can receive a lump sum of $300,000 or $50,000 yearly payments over 10 years. If you consider that 8% is an appropriate discount rate, what is the present value of yearly payments?

Question 7 options:

$478,686.10

$500,000.00

$335,504.07

$231,143.98
Calculate Payment

You borrow $2,000 at 5% APR to be paid back in monthly payments over 2 years. What is your monthly payment?

Question 8 options:

$144.94

$87.74

$1,075.61

$1,006.25
Amortization

You borrow $2,000 at 5% APR to be paid back in monthly payments over 2 years. How much is allocated to interest from the 20th payment made?

Question 9 options:

$2.16

$1.81

$1.45

$2.90