Imagine you memorize the quiz answers and pass the course with 100%. Then, six months later, you are offered a job promotion that requires calculating the Net Present Value of a new project. You cannot remember the formula. You make a bad decision. The company loses $50,000.
To solve this without relying on a cheat sheet, understand that the quiz is testing your ability to use a Financial Calculator or the formula. finance for everyone coursera quiz answers
You want to buy a car in 5 years costing $30,000. If you can earn 6% annually, how much must you deposit today? Imagine you memorize the quiz answers and pass
Here is how to find the answers yourself : six months later
Which of the following is an example of an annuity?
Answer: b) $121