• 100% Satisfaction Guarantee

Neo, Tutor
Category: Homework
Satisfied Customers: 12101
Experience:  BS Accounting
4224391
Neo is online now

### Resolved Question:

Submitted: 4 years ago.
Category: Homework
Expert:  Neo replied 4 years ago.
Good day!

Customer: replied 4 years ago.
1 Hour timed exam starts now
Ok here it is...

Koopman's Chickens, Inc. plans to borrow \$275,000 from its bank for one year. The rate of interest is 9 percent, but a compensating balance of 20 percent is required. What is the effective rate of interest?
Less than 11.4 percent
More than 11.4 percent, but less than 11.6 percent
More than 11.6 percent, but less than 11.8 percent
More than 11.8 percent
10 points
Question 2

Sara would like to evaluate the performance of her portfolio over the past 10 years. What compound annual rate of return has she achieved if she invested \$12,000 10 years ago and now has \$25,000?
Between 8% and 9%
Between 10% and 11%
Between 9% and 10%
Between 7% and 8%
10 points
Question 3

Mr. Nailor invests \$5,000 in a money market account at his local bank. He receives annual interest of 8% for 7 years. How much return will his investment earn during this time period?
\$2,915
\$3,570
\$6,254
\$8,570
10 points
Question 4

You are to receive \$12,000 at the end of 5 years. The available yield on investments is 6%. Which table would you use to determine the value of that sum today?
Present value of an annuity of \$1
Future value of an annuity
Present value of \$1
Future value of \$1
10 points
Question 5

Babe Ruth Jr. has agreed to play for the Cleveland Indians for \$3 million per year for the next 10 years. What table would you use to calculate the value of this contract in today's dollars?
Present value of an annuity
Present value of a single amount
Future value of an annuity
None of these
10 points
Question 6

Gary Kiraly wants to buy a new Italian sports car in three years. The vehicle is expected to cost \$80,000 at that time. If Gary should be so lucky as to find an investment yielding 12% over that three-year period, how much would he have to invest now in order to accumulate \$80,000 at the end of the three years?
\$56,960
\$59,960
\$62,960
\$66,960
10 points
Question 7

Pedro Gonzalez will invest \$5,000 at the beginning of each year for the next 9 years. The interest rate is 8 percent. What is the future value?
\$58,471
\$62,440
\$67,435
\$72,435
10 points
Question 8

If you invest \$10,000 at 10% interest, how much will you have in 10 years?
\$13,860
\$25,940
\$3,860
\$80,712
10 points
Question 9

After 10 years, 100 shares of stock originally purchased for \$500 was sold for \$900. What was the yield on the investment? Choose the closest answer.
19%
2.5%
8.5%
6%
10 points
Question 10

As the interest rate increases, the present value of an amount to be received at the end of a fixed period:
increases.
decreases.
remains the same.
Not enough information to tell.

Expert:  Neo replied 4 years ago.
Got them.

Customer: replied 4 years ago.
It is actually a 40 minute test since it only has 10 question, thank you
Expert:  Neo replied 4 years ago.

You need to spend \$3 to view this post. Add Funds to your account and buy credits.
Neo, Tutor
Category: Homework
Satisfied Customers: 12101
Experience: BS Accounting

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

### What Customers are Saying:

• Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
< Previous | Next >
• Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
• This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
• Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
• I couldn't be more satisfied! This is the site I will always come to when I need a second opinion. Justin Kernersville, NC
• Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around. Esther Woodstock, NY
• Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know. Robin Elkton, Maryland
• He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here. Diane Dallas, TX

• ### LogicPro

#### Satisfied Customers:

4925
Expert in Java C++ C C# VB Javascript Design SQL HTML
< Last | Next >

### LogicPro

#### Satisfied Customers:

4925
Expert in Java C++ C C# VB Javascript Design SQL HTML

### Manal Elkhoshkhany

#### Satisfied Customers:

4538
More than 5000 online tutoring sessions.

### Linda_us

#### Satisfied Customers:

3138
Post Graduate Diploma in Management (MBA)

### Chris M.

#### Satisfied Customers:

2602
Master's Degree, strong math and writing skills, experience in one-on-one tutoring (college English)

### F. Naz

#### Satisfied Customers:

2126
Experience with chartered accountancy

### Bizhelp

#### Satisfied Customers:

1887
Bachelors Degree and CPA with Accounting work experience