The present value of $250,000 in 10 years at 2 percent interest is approximately:
A. $205,087.
B. $212,051.
C. $305,194.
D. $195,085.
A. $205,087.
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The figure above shows the market for coffee. If one firm owns all the coffee outlets and sells 10 million pounds of coffee a month
A) the market is efficient because the marginal social benefit from coffee exceeds its marginal social cost. B) the market is efficient because the total social benefit from coffee exceed the total social cost. C) there is a deadweight loss because the marginal social benefit from the last pound of coffee exceeds its marginal social cost. D) there is a deadweight loss because the marginal social cost of the last pound of coffee exceeds its marginal social benefit.
What is the net present value of the investment?
a. $115.85 b. $1055.59 c. $1076.56 d. $346.78
Japan exports more goods than any other country
Indicate whether the statement is true or false
The burden of a luxury tax falls
a. more on the rich than on the middle class. b. more on the poor than on the rich. c. more on the middle class than on the rich. d. equally on the rich, the middle class, and the poor.