经济学原理对应练习--27.doc

经济学原理对应练习--27.doc

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Chapter27/TheBasicToolsofFinancev1163

Chapter27

TheBasicToolsofFinance

MultipleChoice

1. Thefieldoffinanceprimarilystudies

a. howsocietymanagesitsscarceresources.

b. theimplicationsoftimeandriskforallocatingresourcesovertime.

c. firmsdecisionsconcerninghowmuchtoproduceandwhatpricetocharge.

d. howsocietycanreducemarketrisk.

ANS:

B PTS:

1 DIF:

1 REF:

27-1

TOP:

Finance MSC:

Definitional

2. Whichofthefollowingisthecorrectwaytofigurethefuturevalueof$XthatearnsrpercentforNyears?

a. $X（1+rN）N

b. $X（1+r）N

c. $X（1+rN）

d. $X（1+r/N）N

ANS:

B PTS:

1 DIF:

1 REF:

27-1

TOP:

Futurevalue MSC:

Definitional

3. Whichofthefollowingisthecorrectwaytofigurethefuturevalueof$1putinanaccountthatearns5percentfor20years?

a. $1（1+.05）20

b. $1（1+.05×20）20

c. $1（1+.05×20）

d. $1（1+20/.05）20

ANS:

A PTS:

1 DIF:

1 REF:

27-1

TOP:

Futurevalue MSC:

Applicative

4. Whichofthefollowingisthecorrectwaytofigurethefuturevalueof$100putinanaccountthatearns4percentfor10years?

a. $100（1+.0410）

b. $100（1+.04×10）

c. $100x10x（1+.04）

d. $100（1+.04）10

ANS:

D PTS:

1 DIF:

1 REF:

27-1

TOP:

Futurevalue MSC:

Applicative

5. Thefuturevalueofadepositinasavingsaccountwillbelarger

a. thelongerapersonwaitstowithdrawthefunds.

b. thehighertheinterestrateis.

c. thelargertheinitialdepositis.

d. Alloftheabovearecorrect.

ANS:

D PTS:

1 DIF:

2 REF:

27-1

TOP:

Futurevalue MSC:

Analytical

6. Thefuturevalueofadepositinasavingsaccountwillbesmaller

a. thelongerapersonwaitstowithdrawthefunds.

b. thelowertheinterestrateis.

c. thelargertheinitialdepositis.

d. Alloftheabovearecorrect.

ANS:

B PTS:

1 DIF:

2 REF:

27-1

TOP:

Futurevalue MSC:

Analytical

7. Whatisthefuturevalueof$500oneyearfromtodayiftheinterestrateis6percent?

a. $503

b. $515

c. $530

d. Noneoftheaboveiscorrect.

ANS:

C PTS:

1 DIF:

1 REF:

27-1

TOP:

Futurevalue MSC:

Applicative

8. Whatisthefuturevalueof$750oneyearfromtodayiftheinterestrateis3percent?

a. 772.73

b. 772.50

c. 773.33

d. Noneoftheabovearecorrecttothenearestpenny.

ANS:

B PTS:

1 DIF:

1 REF:

27-1

TOP:

Futurevalue MSC:

Applicative

9. Whatisthefuturevalueof$800oneyearfromtodayiftheinterestrateis7percent?

a. $747.66

b. $756.00

c. $856.00

d. Noneoftheabovearecorrecttothenearestpenny.

ANS:

C PTS:

1 DIF:

1 REF:

27-1

TOP:

Futurevalue MSC:

Applicative

10. Whatisthefuturevalueof$333ataninterestrateof3percentoneyearfromtoday?

a. $337.39

b. $342.99

c. $343.09

d. Noneoftheabovearecorrecttothenearestpenny.

ANS:

B PTS:

1 DIF:

1 REF:

27-1

TOP:

Futurevalue MSC:

Applicative

11. Whatisthefuturevalueof$450ataninterestrateof11percentoneyearfromtoday?

a. $495.00

b. $495.40

c. $494.50

d. $499.50

ANS:

D PTS:

1 DIF:

1 REF:

27-1

TOP:

Futurevalue MSC:

Applicative

12. Atanannualinterestrateof10percent,abouthowmanyyearswillittake$100todoubleinvalue?

a. 5

b. 7

c. 9

d. 11

ANS:

B PTS:

1 DIF:

2 REF:

27-1

TOP:

Futurevalue MSC:

Applicative

13. Atanannualinterestrateof10percent,abouthowmanyyearswillittake$100totripleinvalue?

a. 8

b. 10

c. 12

d. 14

ANS:

C PTS:

1 DIF:

2 REF:

27-1

TOP:

Futurevalue MSC:

Applicative

14. Atanannualinterestrateof20percent,abouthowmanyyearswillittake$100todoubleinvalue?

a. 3.5

b. 4.5

c. 5

d. 6

ANS:

A PTS:

1 DIF:

2 REF:

27-1

TOP:

Futurevalue MSC:

Applicative

15. Atanannualinterestrateof20percent,abouthowmanyyearswillittake$100totripleinvalue?

a. 5

b. 6

c. 8

d. 9

ANS:

B PTS:

1 DIF:

2 REF:

27-1

TOP:

Futurevalue MSC:

Applicative

16. Ifyouput$250inanaccountwitha4percentinterestrate,howmanyyearswouldyouhavetowaittohaveabout$370.06?

a. 10

b. 14

c. 17

d. 20

ANS:

A PTS:

1 DIF:

1 REF:

27-1

TOP:

Futurevalue MSC:

Applicative

17. Ifyoupresentlyhave$6,000savedandearn15percentinterestperyear,abouthowmanyyearswillittakeforyourinvestmenttotriple?

a. 6

b. 8

c. 10

d. 12

ANS:

B PTS:

1 DIF:

2 REF:

27-1

TOP:

Futurevalue MSC:

Applicative

18. Youput$75inthebankoneyearagoandforgotaboutit.Thebanksendsyouanoticethatyounowhave$81inyouraccount.Whatinterestratedidyouearn?

a. 5percent

b. 6percent

c. 7percent

d. 8percent

ANS:

D PTS:

1 DIF:

1 REF:

27-1

TOP:

Futurevalue MSC:

Applicative

19. Georgeknowsthathehasabout$95dollarsinhisaccount.Heknowsheearnedaninterestrateof4percent,buthedoesn'trememberhowmuchheopenedtheaccountwithayearago.Howmuchdidheputin?

a. $91.00

b. $91.20

c. $91.27

d. $91.35

ANS:

D PTS:

1 DIF:

1 REF:

27-1

TOP:

Futurevalue MSC:

Applicative

20. Youput$275inthebankoneyearagoandforgotab