**Future Value of a Single Amount MCQs**

**MCQs 1-10**

#### 1. How much will Rs. 10,000 grow into in 5 years if you earn 10%?

Correct! Wrong!

#### 2. With continuous compounding at 10% for 30 years, the future value of an investment of Rs. 2,000 is closest to?

Correct! Wrong!

#### 3. As a borrower, you should prefer the bank that ____________________ compound per year?

Correct! Wrong!

#### 4. You deposit Rs. 45,000 into an account at 4% interest compounded quarterly, how much would you have in 5 years?

Correct! Wrong!

#### 5. The Future Value (FV) of Rs. 1,000 in 5 years at 5% interest rate will be?

Please select 2 correct answers

Correct! Wrong!

#### 6. What is the future value of a Rs. 10,000 college tuition fund if the nominal rate of interest is 12 percent compounded monthly for five years?

Correct! Wrong!

#### 7. With continuous compounding at 8 percent for 20 years, what is the approximate future value of a Rs. 20,000 initial investment?

Correct! Wrong!

#### 8. If compounding more time outcome will be greater value, it is choice of?

Correct! Wrong!

#### 9. If bank giving 12% interest rate per year, then per month it will be?

Correct! Wrong!

#### 10. Which of the following expresses 6.5%?

Correct! Wrong!

>> Read Future Value of a Single Amount Chapter.

## 0 Comments