Points: 100 Homework Set 2: Chapters 4 and 5

Unacceptable Below Fair Proficient Exemplary

Criteria
70% F 70-79% C 80-89% B 90-100%A
1. You have just Did not submit or Partially calculated Satisfactorily Thoroughly
won the Strayer incompletely calculated the present value calculated the calculated the
Lottery jackpot of the present value of the of the payments present value of the present value of the
$11,000,000. You payments that would be that would be payments that would payments that would
will be paid in 26 received. received. be received. be received.
equal annual
installments
beginning
immediately. If you
had the money
now, you could
invest it in an
account with a
quoted annual
interest rate of 9%
with monthly
compounding of
interest. What is the
present value of the
payments you will
receive?

Weight: 45%
2. In your own Did not submit or Partially located Satisfactorily located Thoroughly located
words and using incompletely located one one of the one of the following one of the following
various bond of the following bond following bond bond ratings: AAA, bond ratings: AAA,
websites, please ratings: AAA, BBB, ratings: AAA, BBB, BBB, CCC, and D. BBB, CCC, and D.
locate one of each CCC, and D. Did not CCC, and D. Did Did not submit or Did not submit or
of the following submit or incompletely not submit or incompletely incompletely
bond ratings: AAA, described the incompletely described the described the
BBB, CCC, and D. differences between the described the differences between differences between
Please describe the bond ratings. Did not differences the bond ratings. the bond ratings.
differences between submit of incompletely between the bond Satisfactorily Thoroughly identified
the bond ratings. identified the strengths ratings. Partially identified the the strengths and
Identify the and weaknesses of each identified the strengths and weaknesses of each
strengths and rating. strengths and weaknesses of each rating.
weaknesses of weaknesses of rating.
each rating. each rating.

Weight: 45%
3. Clarity, writing More than 6 errors 5-6 errors present 3-4 errors present 0-2 errors present
mechanics, and present
formatting
requirements.

Weight: 10%