{"id":352,"date":"2017-11-08T11:49:04","date_gmt":"2017-11-08T05:49:04","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/suppose-you-are-committed-to-owning-a-140000-ferrari-you-constant\/"},"modified":"2017-11-08T11:49:04","modified_gmt":"2017-11-08T05:49:04","slug":"suppose-you-are-committed-to-owning-a-140000-ferrari-you-constant","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/suppose-you-are-committed-to-owning-a-140000-ferrari-you-constant\/","title":{"rendered":"Suppose you are committed to owning a $140,000 Ferrari. You &#8230; constant?"},"content":{"rendered":"<p>Suppose you are committed to owning a $140,000 Ferrari. You believe your mutual fund can achieve an annual rate of return of 9 percent and you want to buy the car in 7 years. How much must you invest today to fund this purchase assuming the price of the car remains constant?<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[70],"subject":[7],"class_list":["post-352","mcq","type-mcq","status-publish","hentry","topic-the-time-value-of-money","subject-corporate-finance"],"mcq_note":"Suppose you are committed to owning a $140,000 Ferrari. You believe your mutual fund can achieve an annual rate of return of 9 percent and you want to buy the car in 7 years. How much must you invest today to fund this purchase assuming the price of the car remains constant?Answer:$76,584.79.","mcq_options":[{"right":"no","answer":"$74,208.16"},{"right":"yes","answer":"$76,584.79"},{"right":"no","answer":"$77,911.08"},{"right":"no","answer":"$78,019.82"}],"multi_answers":"no","subject_terms":[{"id":7,"title":"Corporate Finance","slug":"corporate-finance"}],"topic_terms":[{"id":70,"title":"The Time Value of Money","slug":"the-time-value-of-money"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=352"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=352"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=352"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}