BUSN 380 STUDY Career Path Begins/busn380study.com BUSN 380 STUDY Career Path Begins/busn380study.com | Page 19

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