If you invest $10,000 in a bond that earns 8% interest per year, how many years will it take to double your money?
A) 1 year and 3 months B) 2 years and 6 months
C) 8 years D) 8 years and 9 months
D
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Explain the principle of neutrality with respect to taxes
What will be an ideal response?
As efficiency wage is higher than the market wage, it must reduce the disutility of effort for a worker
Indicate whether the statement is true or false
Fiscal policy involves changes in government spending and taxes, but not regulation of prices or production.
Answer the following statement true (T) or false (F)
Which of the following statements is correct?
A. Export sales are not important to U.S. industries because U.S. GDP is so large. B. Many U.S. industries are very dependent on export sales. C. The United States is increasingly dependent on exports, but not on imports. D. The United States would not be affected if it quit importing goods.