# Finance homework

 Practice Question 30

Under which of the following discounting methods will the present value of an investment be the highest, assuming the same annual interest rate?

 [removed] Quarterly.

 [removed] Monthly.

 [removed] Continuous.

 [removed] Yearly. Practice Question 34

Which of the following is a similar concept to the compound growth rate of money?

 [removed] The yield on a bond.

 [removed] The discount rate on a capital budgeting project.

 [removed] All of these.

 [removed] The internal rate of return on an investment. Practice Question 29

The future value of an annuity is typically used when analyzing

 [removed] loan amortization schedules.

 [removed] retirement plans.

 [removed] the price of common stock.

 [removed] alternative capital budgeting proposals.

What is the value of this 20 year lease? The first payment, due one year from today is \$2,000 and each annual payment will increase by 4%. The discount rate used to evaluate similar leases is 9%. (Round to the nearest dollar.)

 [removed] \$ 24,361

 [removed] \$ 68,000

 [removed] \$ 39,856

 [removed] \$ 40,000 Multiple Choice Question 87

Time to attain goal: Elegant Designers have generated sales of \$625,000 for the current year. If they can grow their sales at a rate of 12 percent every year, how long will they take to triple their sales? (Round off to the nearest year.)

 [removed] 8 years

 [removed] 9 years

 [removed] 7 years

 [removed] 10 years Practice Question 6

You plan to buy a new car. The price is \$30,000 and you will make a down payment of \$4,000. Your annual interest rate is 10% and you intend to pay for the car over five years. What will be your monthly payment?

 [removed] \$552.42

 [removed] \$637.41

 [removed] \$566.67

 [removed] \$433.33

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