If the interest rate is 5 percent, $100 received at the end of seven years is worth how much today?
A. 100
B. 100/(0.05)7
C. 100/(1 + 5)7
D. 100/(1 + 0.05)7
Answer: D
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Which of the following statements is true?
A) Firms usually tend to lay off workers than cut wages to reduce costs. B) Firms tend to increase wages in periods of contracting economic activity to boost morale. C) Firms tend to decrease wages in periods of contracting economic activity to boost labor productivity. D) Firms usually tend to cut wages than lay off people to cut costs.
A lower domestic price level tends to:
a. reduce aggregate expenditures and lower the aggregate quantity of goods and services supplied. b. reduce aggregate expenditures and lower aggregate demand. c. reduce aggregate expenditures and raise aggregate demand. d. increase aggregate expenditures and raise the aggregate quantity of goods and services demanded. e. increase aggregate expenditure on foreign goods and lower net exports.
Which of the following describes the time period during which the international monetary system operated on a managed float system?
a. From the late 19th century until the beginning of World War I. b. In the period between World War I and World War II. c. During the period of the Bretton Woods agreement from 1944 to 1971. d. Since the end of the Bretton Woods agreement.
It is possible to purchase diplomas from diploma mills. The situation in which the degrees are more important than the knowledge they are supposed to represent is called:
A. accreditation. B. credentialism. C. cretinism. D. diplomacy.