Name: Focus on Personal Finance 7th Edition Kapoor Test Bank
SKU: 824
Price: 35.00 USD
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Focus on Personal Finance 7th Edition Kapoor Test Bank

Test Bank for Focus on Personal Finance 7th Edition, Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart, ISBN10: 1260772373, ISBN13: 9781260772371

Table of Contents
CHAPTER 1: Personal Financial Planning in Action
CHAPTER 1: APPENDIX Time Value of Money
CHAPTER 2: Money Management Skills
CHAPTER 2: APPENDIX Developing a Career Strategy
CHAPTER 3: Taxes in Your Financial Plan
CHAPTER 4: Financial Services: Savings Plans and Payment Accounts
CHAPTER 5: Consumer Credit: Advantages, Disadvantages, Sources, and Costs

CHAPTER 5: APPENDIX Education Financing, Loans, and Scholarships
CHAPTER 6: Consumer Purchasing and Wise Buying Strategies
CHAPTER 6: APPENDIX Consumer Agencies and Organizations
CHAPTER 7: Selecting and Financing Housing
CHAPTER 8: Home and Automobile Insurance
CHAPTER 9: Health and Disability Income Insurance
CHAPTER 10: Financial Planning with Life Insurance

CHAPTER 11: Investing Basics and Evaluating Bonds
CHAPTER 12: Investing in Stocks
CHAPTER 13: Investing in Mutual Funds
CHAPTER 14: Starting Early: Retirement and Estate Planning

1) If inflation is expected to be 9.50 percent, how long will it take for prices to double?

1) ______

A) 5.58 years
B) 6.58 years
C) 17.58 years
D) 11.58 years
E) 7.58 years

Question Details
Bloom’s : Apply
Difficulty : 3 Hard
Learning Objective : 01-01 Identify social and economic influences on financial literacy and personal
Topic : Financial Planning
Topic : Finance and Economics
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Gradable : automatic

2) If a $12,000 investment earns interest of $1,560 in 1 year, what is its rate of return?

2) ______

A) 100 percent
B) 79 percent
C) 26 percent
D) 58 percent
E) 13 percent

Question Details
Bloom’s : Apply
Difficulty : 3 Hard
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Gradable : automatic
Learning Objective : 01-03 Calculate time value of money situations to analyze personal financial dec
Topic : Time Value of Money

3) If a $10,000 investment earns a 3.8 percent annual return, what should its value be after 1 year?

3) ______

A) $10,000
B) $3,900
C) $10,380
D) $10,038
E) $3,800

4) If a $10,000 investment earns a 7 percent annual return, what should its value be after 4 years? Use Exhibit 1-A.

4) ______

A) $13,110
B) $12,800
C) $10,700
D) $10,035
E) $14,700

5) If Melinda Miller estimates that her $350 weekly grocery bill will increase at an annual inflation rate of 3 percent, what should her weekly grocery bill be in 2 years? Use Exhibit 1-A.

5) ______

A) $70.00
B) $105.00
C) $371.35
D) $473.35
E) $380.45