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Project Manager Street Smarts: A Real World Guide to PMP® Skills
book

Project Manager Street Smarts: A Real World Guide to PMP® Skills

by Terri Wagner, Linda Kretz Zaval
July 2009
Beginner to intermediate content levelBeginner to intermediate
407 pages
8h 21m
English
Sybex
Content preview from Project Manager Street Smarts: A Real World Guide to PMP® Skills

Appendix A. Solutions

Phase 1 Solutions

The following are the solutions for the Hands-on sections for Phase 1.

Hands-on 1.1: Testing Your Knowledge of Finance Principals

Here are the correct answers and how we arrived at them.

  1. $98.00 now is equivalent to $105.60 one year from now.

    False: Total amount accrued = $98.00 (1.05) = $102.90

  2. $200.00 one year past is equivalent to $205.00 now.

    False: Required investment = $205.00/1.05 = $195.24

  3. $3,000.00 now is equivalent to $3,150.00 one year from now.

    True: Total amount accrued = $3,000.00 (1.05) = $3,150.00

  4. $3,000.00 now is equivalent to $2,887.14 one year ago.

    False: Total amount accrued = $2,887.14 (1.05) = $3,031.50

  5. Interest accumulated in one year on an investment of $2,000.00 is $100.00.

    True: Interest = $2,000.00 ...

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Publisher Resources

ISBN: 9780470479599Purchase book