# Future Value of Savings Assignment | Homework For You

O At an annual interest rate of 10 percent, about how many years will it take \$100 to double in value? O a. 11 b.5 O 0.9 O d. 7 O é
What is the future value of \$800 one year from today if the interest rate is 7 percent? O a. \$747.66 b. \$756.00 O c. \$856.00 O d. None of the above are correct to the nearest cent.
When you rent a car, you might treat it with less care than you would if it were your own. This is an example of O a. adverse selection. b. moral hazard. o C. market risk. O d. risk aversion.
You have a contract with someone who has agreed to pay you \$20,000 in four years. She offers to pay you now instead. For which of the following interest rates and payments would you take the money today?. a. 8 percent, \$15,000 O b.7 percent, \$16,000 C. 6 percent, \$17,000 O d. All of the above are correct. Get Finance homework help today

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