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Sophia Finance Challenge 01-03
Sophia Finance Challenge 01-03
[Show more]Sophia Finance Challenge 01-03
[Show more]Sophia Finance Challenge 01 answers 
 
The primary purpose of finance is to __________. 
a.) 
manage assets in a way that maximizes returns 
b.) 
keep track of a business's cash flow 
c.) 
study the effects of the economy on businesses 
d.) 
pay off debt as quickly as possible 
Finance ...
Preview 3 out of 23 pages
Add to cartSophia Finance Challenge 01 answers 
 
The primary purpose of finance is to __________. 
a.) 
manage assets in a way that maximizes returns 
b.) 
keep track of a business's cash flow 
c.) 
study the effects of the economy on businesses 
d.) 
pay off debt as quickly as possible 
Finance ...
Sophia Finance Challenge 03 answers 
 
You loan a friend $5,000. There is a 15% chance your friend will pay you a 3% 
return, a 40% chance he will pay you a 2% return and a 45% chance he will pay 
you only a 1% return. 
What is your expected return after one year? 
a.) 
1.80% 
b.) 
2.05% 
c...
Preview 3 out of 17 pages
Add to cartSophia Finance Challenge 03 answers 
 
You loan a friend $5,000. There is a 15% chance your friend will pay you a 3% 
return, a 40% chance he will pay you a 2% return and a 45% chance he will pay 
you only a 1% return. 
What is your expected return after one year? 
a.) 
1.80% 
b.) 
2.05% 
c...
Sophia Finance Challenge 02 answers 
 
Sophia Finance Challenge 02 answers 
 
Sophia Finance Challenge 02 answers
Preview 2 out of 14 pages
Add to cartSophia Finance Challenge 02 answers 
 
Sophia Finance Challenge 02 answers 
 
Sophia Finance Challenge 02 answers
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