The present value of $1000 received 2 years from now given the current rate of interest
A. is less than the present value of $1000 received 1 year from now.
B. is the same as $1000 received 3 years from today.
C. is the same as $1000 received 1 year from today.
D. is less than $1000 received 3 years from today.
A. is less than the present value of $1000 received 1 year from now.
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An apparel manufacturer bought raw materials worth $60,000 in a particular year and earned a total revenue of $90,000. If he had no other expenditure, he added a value of ________ to the production process
A) $30,000 B) $90,000 C) $150,000 D) $12,000
Figure 6-8
Libya sold more crude oil in 1985 than it sold five years earlier, but revenues were 17 percent less. Which graph in Figure 6-8 is consistent with this set of facts?
A. 1 B. 2 C. 3 D. 4
Big Waves is a large water park. Suppose the individual demand for entrance into Big Waves is Qd = 50 - (2 × P) and each consumer has the same demand. Big Waves has a constant marginal cost of $5 per consumer. If Big Waves charges a single entry price to each consumer, what is the profit-maximizing number of entries per consumer?
A) 10 B) 25 C) 20 D) 50
Over 65% of those age 85 or older are female
Indicate whether the statement is true or false