Run the value gates
Exercise and reference answers
- Questions
- Correct
- 1,040
- Choices
- 1,040
- 1,004
- 1,400
- Correct
- 1,081.60
- Choices
- 1,080.00
- 1,081.60
- 1,084.00
- Correct
- 315
- Choices
- 315
- 305
- 350
- Correct
- 8 yrs
- Choices
- 6 yrs
- 8 yrs
- 12 yrs
- Correct
- Forward
- Choices
- Forward
- Backward
- Still
- Correct
- Backward
- Choices
- Forward
- Backward
- Still
- Instructions
- Pick the balance, then the doubling time, then the direction of travel.
Explanation
_Source: OpenStax Principles of Finance 2e, Chapter 7, Time Value of Money I._