Using the present and future value tables in Appendix A, calculate the future value of $400 in two years that earns 5 percent.

Using the Rule of 72, calculate how quickly $1000 will double to $2000 at an interest rate of 4 percent.

Using the present and future value tables in Appendix A, calculate the following: A person is offered a gift of $5,000 now or $8,000 five years from now, assuming the $5,000 could be expected to earn 8 percent over the next five years, which would be the better choice?

Using the present and future value tables in Appendix A, calculate the following: You are planning on investing $1,200 per year in your retirement account and are trying to decide between two investment options. One investment earns 9 percent per year, the other investment earns 10 percent per year. What is the difference in your return if you invested $1,200 for 15 years?

The median home price in the Valley is $430,000. If property values are appreciating (going up) at a rate of 3.0 percent per year, what will the median home price be in 5 years? (round up to the nearest dollar and use the present/future value tables in Appendix A)

During the expansion phase of the economic business cycle, which of the following is high?

Paying expenses with pretax dollars

Financial objectives are rarely achieved without restraining

The statistic that measures the value of all goods and services produced in the United States is the

____ is the current value of an asset that will be received in the future.