PoBF Unit 4.03 Review (14 questions)

How much interest is earned on a balance of $1,000 for a certificate of deposit that is compounded at an 8% interest rate for an account maintained for three years?

Bob sells specialty guitars and hopes to exchange the guitars for a much higher value than the purchase price. Which type of investment could the guitars become?

Jack is reviewing his investment portfolio to make sure it includes options that will allow him to access money immediately.The evaluation factor of saving he considers is:

The city government needs 1.2 million dollars to build a new medical facility. Which type of bond investment opportunity would help the city government obtain funding for this?

RadioShack offers shares of stock to investors at a consistent rate of 6% without any voting rights. What type of stock is it offering?

Quilts purchased from Tyson's Antique Store over 25 years ago can be exchanges for higher prices than they were originally purchased. Which type of investment are the quilts?

Mary's business has $5,000 to start a savings plan. She is comparing bank interest rates between a mutual fund and a regular savings account. Which evaluation factor is considered?

Mary needs a savings plan that will allow her to access her money as cash for potential emergency needs. Which type of evaluation factor of saving is she considering?

Match it! Select the correct answer from the pull down...Good luck!