" 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 .