BUSN 380 help Making Decisions/uophelp.com BUSN 380 help Making Decisions/uophelp.com | Page 17

Question 9.9. (TCO 1) Which goal below would be the easiest to
implement and measure in terms of
accomplishment?
"Reduce our debt payments."
Save $100 a month to create a $4,000 emergency fund."
"Save funds for an annual vacation."
"Invest $2,000 a year for retirement."
Question 10.10. (TCO 1) _____ risk refers to the changing cost of
money.
Monetary
Inflation
Economic
Personal
Interest rate
Question 11.11. (TCO 1) You want to determine the current value of an
annuity that pays $350 a month
for the next 5 years. What type of calculation would provide you with
this value?
Future value of a single amount
Simple interest
Present value of a single amount
Future value of a series of deposits
Present value of a series of deposits
Question 12.12. (TCO 1) Barb Hotchkins is in the 28% tax bracket. A
tax-exempt employee benefit with a
value of $600 would have a tax-equivalent value of
$678.