What is the difference between the present value of $550 to be received after 3 years and after 5 years from now at an annual interest of 15 percent?
a. $73.49
b. $61.60
c. $250.02
d. $88.11
D
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A vertical IS curve comes from the assumption that changes in the interest rate do NOT affect
A) money demand. B) the money supply. C) autonomous planned spending. D) the LM curve.
A government policy of providing free public K-12 education is most consistent with
A) Pareto-efficiency. B) the First Theorem of Welfare Economics. C) the Second Theorem of Welfare Economics. D) the contract curve.
Which of the following causes a movement along a supply curve?
A) a change in resource costs B) a change in technology C) a change in the price D) all of the above
An employer asking potential employees to interview with them is an example of:
A. statistical discrimination. B. signaling. C. building a reputation. D. screening.