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Quiz for Assignment 6

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8 questions

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  • 1. Multiple Choice
    20 seconds
    1 pt
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    The formula for calculating future value (FV) is

    FV = PV/(1+r)^n

    FV = PV/(1+r)*n

    FV = PV x (1+r)^n

    FV = PV x (1+r)*n

  • 2. Multiple Choice
    30 seconds
    1 pt

    The concept of time value of money is:

    The cash flows that occur earlier are more valuable than cash flows that occur later

    The cash flows that occur earlier are less valuable than cash flows that occur later

    The longer the time cash flows are invested, the more valuable they are in the future

    The future value of cash flows are always higher than the present value of the cash flows

  • 3. Multiple Choice
    10 seconds
    1 pt

    Letter of Credit & Guarantee are fund based lending services ?

    True

    False

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