**Future Value of Lumpsum MCQs**

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**Learning Objectives**

After practice this MCQs set, you should be able to:

**1. **

**MCQs 1 to 20**

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#### What is the future value of a Rs. 10,000 college tuition fund if the nominal rate of interest is 12 percent compounded monthly for five years?

Correct!
Wrong!

#### Interest has 3 types?

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Wrong!

#### You invest Rs. 300,000 today at the rate of 10% per year (for the entire length of this investment of Rs. 300,000 from today to year 8). After 5 years from today you invest Rs. 200,000 more at the rate of 12% per year (for the 3 years of this investment of Rs. 200,000 from years 5 to 8). After 8 years from today all your investments are returned to you. How much will you receive after 8 years from today?

Correct!
Wrong!

#### Interest paid (earned) on only the original principal borrowed (lent) is often referred to as ______________?

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Wrong!

#### With continuous compounding at 8 percent for 20 years, what is the approximate future value of a Rs. 20,000 initial investment?

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Wrong!

#### As a borrower, you should prefer the bank that ____________________ compound per year?

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#### With continuous compounding at 10% for 30 years, the future value of an investment of Rs. 2,000 is closest to?

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#### How much will Rs. 10,000 grow into in 5 years if you earn 10%?

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#### Find the compound amount for the deposit, Rs. 1,900 at 10% compounded quarterly for 4 years?

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Wrong!

#### You invest Rs. 100,000 today at the rate of 8% per year. After 5 years you deposit Rs. 150,000 more. After 7 years all your investments are returned to you. How much will you receive after 7 years?

Correct!
Wrong!

#### Interest paid (earned) on both the original principal borrowed (lent) and previous interest allowed (earned) is often referred to as __________?

Correct!
Wrong!

#### You invest Rs. 500,000 today at the rate of 8% per year. After 6 years from today you withdraw Rs. 300,000. After 10 years from today you receive the remaining owed. How much will you receive after 10 years from today?

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#### You deposit Rs. 45,000 into an account at 4% interest compounded quarterly, how much would you have in 5 years?

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Wrong!

#### The Future Value (FV) of Rs. 1,000 in 5 years at 5% interest rate will be?

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Wrong!

#### The concept of compound interest refers to?

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Wrong!

#### With continuous compounding at 8 percent for 20 years, what is the approximate future value of a Rs. 20,000 initial investment?

Correct!
Wrong!

#### If bank giving 12% interest rate per year, then per month it will be?

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#### Which of the following expresses 6.5%?

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#### The value of money to be received in the future is _______the value of the same amount of money in hand today?

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#### You just purchased a piece of land for Rs. 10,000. If you expect a 12% annual rate of return on your investment, how much will you sell the land for in 10 years?

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