Suppose Tracy will get $500 from her parents when she graduates from college two years from today. If the market interest rate is 8 percent, then what is the present value of that $500?
a. $359.12
b. $428.67
c. $462.96
d. $483.11
b
Economics
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When banks borrow from each other the interest rate charged is known as the
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Indicate whether the statement is true or false
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A. A + B. B. A + B + C. C. B. D. A.
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