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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What does the Uniform Series Capital Recovery Factor help calculate?
💡 Hint: Think about payments related to borrowing money.
Question 2
Easy
What is the purpose of the Sinking Fund Factor?
💡 Hint: It helps in saving for something in the future.
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 USCRF stand for?
- Uniform Series Cash Recovery Factor
- Uniform Series Capital Recovery Factor
- Uniform Series Cost Recovery Factor
💡 Hint: Focus on capital recovery in the name.
Question 2
True or False: The sinking fund factor can be used to calculate how much to save annually to reach a future goal.
- True
- False
💡 Hint: Think about how savings work.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
If you have a cash flow of $2000 each year for the next 6 years and an interest rate of 5%, how much needs to be invested today using the USPW?
💡 Hint: Calculate the present value using each cash flow as a factor.
Question 2
How would you use the sinking fund method to prepare for purchasing a $30,000 machine in 10 years at an interest rate of 4%?
💡 Hint: Think about dividing the total cost by the effective growth rate over the period.
Challenge and get performance evaluation