A 5-year $100 annuity due will have a lower present value than a 5-year $100 ordinary annuity.

Suppose you invested $1,000 in stocks 10 years ago. If your account is now worth $2,839.42, what rate of return did your stocks earn?

A 5-year $100 annuity due will have a higher future value than a 5-year $100 ordinary annuity.

You are currently investing your money in a bank account which has a nominal annual rate of 20 percent, compounded annually. How many years will it take for you to triple your money?

Competitive positioning is often made at the __________________

A 15-year bond has an annual coupon rate of 8%.  The coupon rate will remain fixed until the bond matures.  The bond has a yield to maturity of 6%.  Which of the following statements is CORRECT?

A bond has a $1,000 par value, makes annual coupon payments of $100, has 5 years to maturity, cannot be called, and is not expected to default.  The bond should sell at a premium if current market rates are below 10% for the bond and at a discount if current market rates are greater than 10% for the bond.

Starting to invest earlier for retirement decreases the benefits of compound interest.

Rule 72 assumes an interest rate around 10.4% and says that money should double every 7 years.

Your bank account pays a 12% nominal rate of interest.  The interest is compounded monthly.  Which of the following statements is CORRECT?