Question

What is the present value today of $150 that will be received in four years from...

  1. What is the present value today of $150 that will be received in four years from now if the discount rate is 12%?

    a.

    $76.03
    b.

    $95.40
    c.

    $116.90
    d.

    $105.60

  1. Alexa’s taxable income is $20,000. Her tax rate is 10% on the first $9000 of taxable income and 12% on the rest. What is her tax liability before credits?

    a.

    $2,000
    b.

    $2,220
    c.

    $2,180
    d.

    $2,400

  1. Which of the following bank statement items needs to be deducted from your checkbook balance?

    outstanding checks

    monthly bank service charges

    ATM fees

    both b and c
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