Rita puts $10,000 into each of two different assets. The first asset pays 10 percent interest and the second pays 5 percent. According to the rule of 70, what is the approximate difference in the value of the two assets after 14 years?
a. $12,000
b. $14,000
c. $15,500
d. $20,000
d
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A monopolist has no supply curve because
a. as demand changes, each output level can be consistent with more than one profit-maximizing price b. monopolists tend to restrict output c. monopolists have no marginal cost curve d. monopolists can charge any price they want e. as demand changes, the firm's profit-maximizing choice of output may change
An increase in capital increases productivity only if it is purchased and operated by domestic residents
a. True b. False Indicate whether the statement is true or false
What would happen in the market for rice if its demand increased but the price was NOT allowed to change?
A) There would be a surplus of rice. B) There would be a shortage of rice. C) The supply of rice would increase. D) The supply of rice would decrease.
Answer the following statements true (T) or false (F)
1) Productivity growth was greater between 1973 and 1995 than between 1995 and 2012. 2) The economy of 1995-2012 was characterized by greater productivity growth and greater economic growth than in the immediately preceding two decades. 3) Because of the recent rise in the average rate of productivity growth, the business cycle is dead. 4) Critics of economic growth say studies show that people are not interested in achieving higher standards of living.