FIN 370 Cash Flow Problem Sets (4-5,4-7,4-8,4-11,4-13)
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4-5 Multiyear Future Value How much would be in your savings account in 11 years after depositing $150 today if the bank pays 8 percent per year? (LG4-3)
4-7 Compounding with Different Interest Rates A deposit of $350 earns the following interest rates:
a. 8 percent in the first year.
b. 6 percent in the second year.
c. 5.5 percent in the third year.
What would be the third year future value?
4-8 Compounding with Different Interest Rates A deposit of $750 earns interest rates of 9 percent in the first year and 12 percent in the second year. What would be the second year future value? (LG4-3)
4-11 Present Value What is the present value of a $1,500 payment made in nine years when the discount rate is 8 percent? (LG4-4)
4-13 Present Value with Different Discount Rates Compute the present value of $1,000 paid in three years using the following discount rates: 6 percent in the first year, 7 percent in the second year, and 8 percent in the third year. (LG4-4)
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FIN 370 Final Exam Guide (New)
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Which financial statement reports the amounts of cash that the firm generated and distributed during a particular time period?
statement of retained earnings
Income statement
Statement of cash flows
Balance sheet
Which of these provide a forum in which demanders of funds raise funds by issuing new financial instruments, such as stocks and bonds?
Money markets
Investment banks
Primary markets
Secondary markets
The top part of Mars, Inc.’s 2013 balance sheet is listed as follows (in millions of dollars).
What are Mars, Inc.’s current ratio, quick ratio, and cash ratio for 2013?
4.2, 1.0, 0.2
2.3333, 0.5556, 0.1111
10.5, 6.0, 1.0
0.1111, 0.5556, 0.2
Which of these ratios show the combined effects of liquidity, asset...