BUSN 380 study Great Stories/busn380study.com BUSN 380 study Great Stories/busn380study.com | Page 24

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.
$628.
$833.
$300.
$168.
Question 13.13. (TCO 1) Personal financial statements would include