Which is the correct sentence?

- Each boy and each girl have a pen
- Each boy and each girl are having a pen
- Each boy and girl has a pen
- Each boy and each girl were having a pen

Which is the correct sentence?

- Each boy and each girl have a pen
- Each boy and each girl are having a pen
- Each boy and girl has a pen
- Each boy and each girl were having a pen

- Each boy and each girl have a pen

Which is the correct sentence?

- I shall avail the opportunity
- I shall avail for the opportunity
- I shall avail myself of the opportunity

- I shall avail myself of the opportunity

The speaker failed to make the audience – to him patiently.Which of the following is the correct verb form in the blank above?

- listen

- an adjective

- copulative verb

You expect to receive $9,000 at graduation in 2 years. You plan on investing this money at 10 percent until you have $60,000. How many years will it be until this occurs?

- 21.90 years

You are scheduled to receive $30,000 in two years. When you receive it, you will invest it for 5 more years, at 8 percent per year. How much money will you have 7 years from now?

- $44,079.84

You have just made a $1,500 contribution to your individual retirement account. Assume you earn a 12 percent rate of return and make no additional contributions. How much more will your account be worth when you retire in 25 years than it would be if you waited another 10 years before making this contribution?

- $17,289.75

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?

- $76,584.79

Suppose that the first comic book of a classic series was sold in 1954. In 2000, the estimated price for this comic book in good condition was about $340,000. This represented a return of 27 percent per year. For this to be true, what was the original price of the comic book in 1954?

- $5.71

In 1895, the winner of a competition was paid $110. In 2006, the winner’s prize was $70,000. What will the winner’s prize be in 2040 if the prize continues increasing at the same rate?

- $505,697

Your coin collection contains fifty-four 1941 silver dollars. Your grandparents purchased them for their face value when they were new. These coins have appreciated at a 10 percent annual rate. How much will your collection be worth when you retire in 2060?

- $4,551,172

You have just received notification that you have won the $1.4 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday, 70 years from now. The appropriate discount rate is 8 percent. What is the present value of your winnings?

- $6,404.20

Imprudential, Inc. has an unfunded pension liability of $850 million that must be paid in 25 years. To assess the value of the firm’s stock, financial analysts want to discount this liability back to the present. The relevant discount rate is 6.5 percent. What is the present value of this liability?

- $176,067,311

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