Suppose you lend $2,500 at 11.5% for 3 years. If the interest is compounded annually, how much interest will you receive in those 3 years?
A. $862.50
B. $965.49
C. $3,362.50
D. $2,465.49
B. $965.49
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Japan imposes a tariff on imported rice. In Japan, surplus will be redistributed from
A) consumers to producers and government. B) consumers to producers. C) consumers to government. D) government to producers.
If the shut-down rule, p < AVC, is the same in the short run and the long run, explain why the shut-down prices may be different
What will be an ideal response?
If you can't prevent people from consuming something, then:
A. they have little reason to pay for using it. B. the good is not excludable. C. individuals will likely use it for free. D. All of these statements are true.
If 1 U.S. dollar exchanges for 0.9 Canadian dollars, how much would it cost in U.S. dollars and cents to purchase a Canadian hockey jersey priced at 45 Canadian dollars?
What will be an ideal response?