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ISLAMABAD CAMPUS
3. What would be the expected rate of return if the initial investment is doubled in 8
years?
7. You have been offered an investment that will pay you 9% per year. If you invest
$15,000, how long until you have $30,000? How long until you have $45,000?
8. After carefully going over your budget, you have determined that you can afford
to pay $632 per month towards a new sports car. You can call up your local bank
and find out that the going rate is 1% per month for 48 months. How much can
you borrow?
9. What annual interest rate will cause $100 to grow to $125.97 in 3 years?
10. Jim Nance has been offered a future payment of $50,000 five years from today. If
his opportunity cost is 17% compounded annually, what value would he place on
this opportunity?
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