If Delores wanted to make sure that she had $3,000 a year from now, how much would she need to save now if the interest rate is 7 percent?
A) $3000
B) $2804
C) $2790
D) $2666
B
You might also like to view...
Which of the following will NOT result from an unsterilized intervention in which the central bank sells foreign assets to purchase domestic currency?
A) Domestic interest rates will rise. B) The foreign-exchange value of the domestic currency will rise. C) The central bank will experience a decrease in international reserves. D) The domestic money supply will rise.
The Social Security Act was passed:
a. in 1955. b. just after World War II. c. in 1935. d. in 1964.
Table 25.2Pool SweeperOutput (Revenue)Market Share (%)North Star$20,000 Hurricane$16,000 Blue Lagoon$2,000 Clean Sweep$2,000 Refer to Table 25.2. Assume there are only four firms in the pool sweeper industry. If Clean Sweep manages to increase its sales to $3,000 per week at the current price and the size of the market does not change, the combined weekly sales of the three other firms will
A. Not change. B. Fall by $3,000 per week. C. Fall by less than $3,000 per week. D. Also rise.
According to U.S. antitrust enforcement guidelines, a merger is likely to be challenged if
A) the HHI decreases after the merger. B) the industry after the merger has an HHI above 1,800 and the HHI rises by more than 100. C) the industry after the merger has an HHI above 1,800 and the HHI falls by more than 100. D) the industry after the merger has an HHI above 1,000 and the HHI rises by more than 10.