经济学原理对应练习--27

1126Chapter27TheBasicToolsofFinanceMultipleChoice1.Thefieldoffinanceprimarilystudiesa.howsocietymanagesitsscarceresources.b.theimplicationsoftimeandriskforallocatingresourcesovertime.c.firmsdecisionsconcerninghowmuchtoproduceandwhatpricetocharge.d.howsocietycanreducemarketrisk.ANS:BPTS:1DIF:1REF:27-1TOP:FinanceMSC:Definitional2.Whichofthefollowingisthecorrectwaytofigurethefuturevalueof$XthatearnsrpercentforNyears?a.$X(1+rN)Nb.$X(1+r)Nc.$X(1+rN)d.$X(1+r/N)NANS:BPTS:1DIF:1REF:27-1TOP:FuturevalueMSC:Definitional3.Whichofthefollowingisthecorrectwaytofigurethefuturevalueof$1putinanaccountthatearns5percentfor20years?a.$1(1+.05)20b.$1(1+.05×20)20c.$1(1+.05×20)d.$1(1+20/.05)20ANS:APTS:1DIF:1REF:27-1TOP:FuturevalueMSC:Applicative4.Whichofthefollowingisthecorrectwaytofigurethefuturevalueof$100putinanaccountthatearns4percentfor10years?a.$100(1+.0410)b.$100(1+.04×10)c.$100x10x(1+.04)d.$100(1+.04)10ANS:DPTS:1DIF:1REF:27-1TOP:FuturevalueMSC:Applicative5.Thefuturevalueofadepositinasavingsaccountwillbelargera.thelongerapersonwaitstowithdrawthefunds.b.thehighertheinterestrateis.c.thelargertheinitialdepositis.d.Alloftheabovearecorrect.ANS:DPTS:1DIF:2REF:27-1TOP:FuturevalueMSC:Analytical6.Thefuturevalueofadepositinasavingsaccountwillbesmallera.thelongerapersonwaitstowithdrawthefunds.b.thelowertheinterestrateis.c.thelargertheinitialdepositis.d.Alloftheabovearecorrect.ANS:BPTS:1DIF:2REF:27-1TOP:FuturevalueMSC:AnalyticalChapter27/TheBasicToolsofFinance11277.Whatisthefuturevalueof$500oneyearfromtodayiftheinterestrateis6percent?a.$503b.$515c.$530d.Noneoftheaboveiscorrect.ANS:CPTS:1DIF:1REF:27-1TOP:FuturevalueMSC:Applicative8.Whatisthefuturevalueof$750oneyearfromtodayiftheinterestrateis3percent?a.772.73b.772.50c.773.33d.Noneoftheabovearecorrecttothenearestpenny.ANS:BPTS:1DIF:1REF:27-1TOP:FuturevalueMSC:Applicative9.Whatisthefuturevalueof$800oneyearfromtodayiftheinterestrateis7percent?a.$747.66b.$756.00c.$856.00d.Noneoftheabovearecorrecttothenearestpenny.ANS:CPTS:1DIF:1REF:27-1TOP:FuturevalueMSC:Applicative10.Whatisthefuturevalueof$333ataninterestrateof3percentoneyearfromtoday?a.$337.39b.$342.99c.$343.09d.Noneoftheabovearecorrecttothenearestpenny.ANS:BPTS:1DIF:1REF:27-1TOP:FuturevalueMSC:Applicative11.Whatisthefuturevalueof$450ataninterestrateof11percentoneyearfromtoday?a.$495.00b.$495.40c.$494.50d.$499.50ANS:DPTS:1DIF:1REF:27-1TOP:FuturevalueMSC:Applicative12.Atanannualinterestrateof10percent,abouthowmanyyearswillittake$100todoubleinvalue?a.5b.7c.9d.11ANS:BPTS:1DIF:2REF:27-1TOP:FuturevalueMSC:Applicative13.Atanannualinterestrateof10percent,abouthowmanyyearswillittake$100totripleinvalue?a.8b.10c.12d.14ANS:CPTS:1DIF:2REF:27-1TOP:FuturevalueMSC:Applicative1128Chapter27/TheBasicToolsofFinance14.Atanannualinterestrateof20percent,abouthowmanyyearswillittake$100todoubleinvalue?a.3.5b.4.5c.5d.6ANS:APTS:1DIF:2REF:27-1TOP:FuturevalueMSC:Applicative15.Atanannualinterestrateof20percent,abouthowmanyyearswillittake$100totripleinvalue?a.5b.6c.8d.9ANS:BPTS:1DIF:2REF:27-1TOP:FuturevalueMSC:Applicative16.Ifyouput$250inanaccountwitha4percentinterestrate,howmanyyearswouldyouhavetowaittohaveabout$370.06?a.10b.14c.17d.20ANS:APTS:1DIF:1REF:27-1TOP:FuturevalueMSC:Applicative17.Ifyoupresentlyhave$6,000savedandearn15percentinterestperyear,abouthowmanyyearswillittakeforyourinvestmenttotriple?a.6b.8c.10d.12ANS:BPTS:1DIF:2REF:27-1TOP:FuturevalueMSC:Applicative18.Youput$75inthebankoneyearagoandforgotaboutit.Thebanksendsyouanoticethatyounowhave$81inyouraccount.Whatinterestratedidyouearn?a.5percentb.6percentc.7percentd.8percentANS:DPTS:1DIF:1REF:27-1TOP:FuturevalueMSC:Applicative19.Georgeknowsthathehasabout$95dollarsinhisaccount.Heknowsheearnedaninterestrateof4percent,buthedoesn'trememberhowmuchheopenedtheaccountwithayearago.Howmuchdidheputin?a.$91.00b.$91.20c.$91.27d.$91.35ANS:DPTS:1DIF:1REF:27-1TOP:FuturevalueMSC:Applicative20.Youput$275inthebankoneyearagoandforgotaboutit.Thebanksendsyouanoticethatyounowhave$291.50inyouraccount.Whatinterestratedidyouearn?a.5percentb.6percentc.7percentd.8percentANS:BPTS:1DIF:1REF:27-1TOP:FuturevalueMSC:ApplicativeChapter27/TheBasicToolsofFinance112921.Yourparentsput$500intoanaccountpaying7percentinterestforyouwhenyouwereten.Tenyearslatertheytellyouthatyoucantakethemoneyoutoftheaccount.Whatisthebalancetothenearestpenny?a.$1,200.00b.$1,111.77c.$983.58d.$850.00ANS:CPTS:1DIF:1REF:27-1TOP:FuturevalueMSC:Applicative22.Ifyouput$125intoanaccountthatpaid1.25percentinteresthowmuchmoneytothenearestpenny,wouldyouhaveintheaccountintwoyears?a.$129.73b.$128.14c.$127.15d.$125.13ANS:BPTS:1DIF:1REF:27-1TOP:FuturevalueMSC:Applicative23.Ifyouput$300intoanaccountpaying2percentinterest,whatwillbethevalueofthisaccountintwoyears?a.$310b.$312c.$312.12d.$314.24ANS:CPTS:1DIF:1REF:27-1TOP:FuturevalueMSC:Applicative24.TwoyearsagoDavidput$3,000inanaccountpaying3percentinterest.Howmuchdoeshehaveintheaccounttoday?a.$3,180.00b.$3,182.70c.$3,183.62d.Noneoftheabovearecorrecttothenearestpenny.ANS:BPTS:1DIF:1REF:27-1TOP:FuturevalueMSC:Applicative25.Threeyearsago