Corporate Finance Homework 5

10 Questions  I  By Cbprice
These are the homework questions for Chapter 5 in Corporate Finance.

  
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Question Excerpt

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1.  Travis is buying a car and will finance it with a loan which requires monthly payments of $265 for the next 4 years. His car payments can be described by which one of the following terms?
A.
B.
C.
D.
E.
2.  Which one of the following has the highest effective annual rate?
A.
B.
C.
D.
E.
3.  Which one of the following qualifies as an annuity?
A.
B.
C.
D.
E.
4.  Which one of the following features distinguishes an ordinary annuity from an annuity due?
A.
B.
C.
D.
E.
5.  When comparing savings accounts, you should select the account that has the:
A.
B.
C.
D.
E.
6.  Lee pays one percent per month interest on his credit card account. When his monthly rate is multiplied by 12, the resulting answer is referred to as the:
A.
B.
C.
D.
E.
7.  The Jones Brothers recently established a trust fund that will provide annual scholarships of $12,000 indefinitely. These annual scholarships can best be described by which one of the following terms?
A.
B.
C.
D.
E.
8.  Which one of the following is an ordinary annuity, but not a perpetuity?
A.
B.
C.
D.
E.
9.  Which one of the following statements concerning annuities is correct?
A.
B.
C.
D.
E.
10.  Which one of the following statements is correct?
A.
B.
C.
D.
E.
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