FNCE 2P91 Study Guide - Quiz Guide: Retirement Savings Account, Discount Window, Savings Account

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Choose the one alternative that best completes the statement or answers the question: you collect model airplanes. Answer: c: the smith co. has ,000 to invest at 5. 5% interest. How much more money will they 2) have if they invest these funds for eight years instead of five years: ,851. 36 b. Answer: c: you deposit ,000 in a higher risk investment. Given this information calculate the balance at the end of the year two: ,804 b) ,549, ,202 d) ,702, ,303. Jennifer invested ,000 in an account that pays 3% simple interest. How much more could she have earned over a six-year period if the interest had compounded annually: a) . 10 b) . 33 c) . 18 d) . 67 e) . 50. Answer: a: what is the future value of ,497 invested for 15 years at 7. 5% compounded annually, ,267. 21, ,911. 08, ,289. 16, ,347. 19, ,431. 13. Answer: d: you would like to give your daughter ,000 towards her college education thirteen years from now.

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