Practice Present Worth Compound Amount Factor (1.7) - Construction Methods and Equipment Management

Practice: Present Worth Compound Amount Factor

Lesson 1.7Construction Methods and Equipment Management

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9 questions

Flashcard drill
4 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
3 questions · about 2 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
What is the future value of 100,000 after 3 years at an interest rate of 6%?
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Use the formula for future value.
Question 2.
If you deposit 50,000 now, how much will it grow to in 5 years at 5%?
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Remember to plug in the values carefully.
3Question 3.
What does the term 'Time Value of Money' refer to?
- A concept where money loses value over time.
- The value of money today is higher than its value in the future.
- The rate of interest charged by banks.
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Think about how interest impacts growth.
4Question 4.
True or False: Future value and present value are the same.
- True
- False
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Reflect on what each term means.
Question 5.
You want to retire with 5,000,000 in 20 years. What lump sum should you invest today with a 6% interest rate compounded annually?
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Work through the calculations carefully!
Question 6.
If you want to save for a property worth 2,000,000 in 10 years, calculating how much to put away annually at 7%.
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Ensure to factor in the series of equal payments!

5 more questions in this section. Enroll free to practise them all.