题目内容

A financial contract offers to pay €1,200 per month for five years with the first payment made today. Assuming an annual discount rate of 6.5%, compounded monthly, the present value of the contract is

A. €61,330
B. €61,663
C. €63,731

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If the stated annual interest rate is 20% and the frequency of compounding is monthly, the effective annual rate （EAR） is closest to:

A. 20%.
B. 21%
C. 22%

An investor deposits ￡2,000 into an account that pays continuously compounded interest of 6% （nominal annual rate）. The value of the account at the end of four years is closest to:

A. ￡2,525
B. ￡2,542
C. ￡2,854

If two events, A and B, are independent and the probability of A does not equal the probability of B （i.e.,P（A）≠P（B））, then the probability of event A given that event B has occurred （i.e., P（A ∣ B））

A. P（A）.
B. P（B）.
C. P（B∣A）.

For planning purposes, an individual wants to be able to spend €80,000 per year, at the end of each year, for an anticipated 25 years in retirement. In order to fund this retirement account, he will m

A. 29 payments
B. 40 payments
C. 51 payments