Braden says that $400 saved for one year at 4 percent interest has a smaller future value than $400 saved for two years at 2 percent interest. Lefty says that the present value of $400 to be received one year from today if the interest rate is 4 percent exceeds the present value of $400 to be received two years from today if the interest rate is 2 percent
a. Braden and Lefty are both correct.
b. Braden and Lefty are both incorrect.
c. Only Braden is correct.
d. Only Lefty is correct.
a
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According to the data in the table above, real GDP grew at a rate of ________ between year 1 and year 2
A) 10 percent B) 1 percent C) 50 percent D) 5 percent E) 55 percent
With real-world examples, illustrate the various factors that can cause a shift in the demand curve of a commodity
What will be an ideal response?
Wages in American industry are very high because of wage laws
a. True b. False Indicate whether the statement is true or false
Refer to the graph above. When output increases from Q 1 and the price level decreases from P 1, this change will:
Be caused by a shift in the aggregate supply curve from AS1 to AS2 Result in a movement along the aggregate demand curve from e3 to e1 Result in a movement along the aggregate demand curve from e1 to e2 Be caused by a shift in the aggregate supply curve from AS1 to AS3