A payment of $10,000 is to be made in the future. The interest rate 3%. Is this payment worth more if it is paid in 5 years or 10 years? How much more is it worth?
It is worth more if it is received in 5 years. It's worth about $8626.09 if it is paid in 5 years and $7440.94 if it is paid in ten years. So, its worth about $1185.15 more if its paid in 5 years rather than 10.
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Why do some workers lose their job when the minimum wage is increased?
A) The increase in labor costs decreases the supply of the product, thereby raising the price of the good so that the equilibrium quantity decreases to zero. B) The increase in the minimum wage decreases the quantity of labor demanded. C) The demand for labor is perfectly inelastic. D) The supply of labor decreases. E) The demand for labor is perfectly elastic.
Balanced growth paths can differ across countries due to differences in saving rates, labor force growth rates, and the rates of labor-augmenting technological change
These differences are likely to result in differences in ________, a common measure of the standard of living. A) happiness B) life expectancy C) income distribution D) real GDP per capita
As a manager of an industrywide trade organization, your decisions regarding industrywide advertising are ________ if the participating firms' marginal benefits are similar as there will be ________ disagreement among the firms regarding the amount of the industrywide advertising.
A) easier; less B) harder; less C) easier; more D) harder; more
Given that the firm wants to sell both the versions, how high can the no-name brand be priced?
a. $30 b. $40 c. $60 d. $70