If you win $1 million in a lottery and are paid in installments,
a. the future value of these payments is $1 million
b. the present value of these payments equals $1 million if the interest rate is zero
c. the present value of these payments equals $1 million if the interest rate is 10 percent annually
d. the present value of the payments exceeds $1 million if the interest rate is positive
e. the future value of the payments is less than $1 million if the interest rate is negative
B
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The marginal revenue product of labor is
A) the marginal physical product multiplied by marginal revenue. B) the marginal revenue of output multiplied by the price of the input. C) total sales divided by total labor employed. D) total labor employed divided by total sales.
Which of the following equations correctly describes the quantity equation in terms ofpercentage rate of change? ? means "change in."
A) %?M÷%?V=%?P x %?Y B) %?M+%?V=%?P+%?Y C) %?M÷%?V=%?Y÷%?P D) %?M x %?V=%?P x %?Y
Forward guidance refers to:
A. a process similar to open-market purchases. B. lending of reserves by the Federal Reserve to commercial banks. C. information that a central bank provides to the financial markets regarding its expected future monetary policy path. D. a process similar to open-market sales.
In long-run macroeconomics equilibrium...
What will be an ideal response?