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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is the capital recovery factor used for?
💡 Hint: Think about what it means to pay off a loan.
Question 2
Easy
Define the sinking fund factor.
💡 Hint: Consider how you save for large purchases.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What does the capital recovery factor allow you to determine?
- Future payments
- Loan repayment schedules
- Total investment
💡 Hint: Consider the repayment process.
Question 2
True or False: The present worth factor and the sinking fund factor are identical.
- True
- False
💡 Hint: Think about their different purposes.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
You are planning to purchase a new truck costing $100,000. If you want to save for it over 5 years at an interest rate of 4%, what annual amount should you deposit into a sinking fund?
💡 Hint: Use the sinking fund formula for your calculations.
Question 2
You expect to receive $8,000 at the end of each year for 10 years. If the discount rate is 6%, what is the present worth of these cash flows?
💡 Hint: Remember to factor in the discounting based on the annual returns.
Challenge and get performance evaluation