1. An increase in future value can be caused by an increase in the

A) annual interest rate.

B) number of compounding periods.

C) original amount invested.

D) both A and B.

2. The future value of a single sum:

A) increases as the compound rate decreases.

B) decreases as the compound rate increases.

C) increases as the number of compound periods decreases.

D) increases as the compound rate increases.

3. If you purchased a share of Mico.com stock on March 1, 1993, for $45 and you sold the stock at $168 on February 28, 1998, what was your annual rate of return on the stock?

A) 83%

B) 75%

C) 20%

D) 30%

E) 50%