Sophia Finance Unit 2 Milestone 2026/2027

Sophia Finance Unit 2 Milestone 2026/2027

You make a loan of $400 with a 6% annual
compounded interest for a period of seven
years.
What is your $400 worth seven years later?
● $601
$ $568
● $232
CONCEPT
→ Future Value, Single Cash Flows
2
RATIONALE
Use this calculation:
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Which of the following accurately describes a
normal yield curve?
●
● $199
●
A negatively sloping
curve that indicates
confidence in rising
inflation in the future.