$100 is received at the beginning of year 1, $200 is received at the beginning of year 3. If these cash flows are deposited at 12 percent, their combined future value at the end of year three is: (Round to the nearest whole dollar)
A) $672
B) $536
C) $427
D) $364
E) $489
D
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Suppose, the money-demand equation is given by MD = P× [(0.25 ×Y) ? (15 ×i)],where P is the price level, Y is the level of output in billions, and i is the interest rate in percentage points. Initially, P = 2, Y = $500, and i = 3. If Y rises to $600 and the price level does not change, by how much should the Fed change the money supply if it wants to keep the nominal interest rate unchanged? Should the money supply rise or fall, and by how much? Use the liquidity-preference framework and show a diagram of this situation.
What will be an ideal response?
According to the principle of comparative advantage, specialization and trade increase a nation's total output since
a. resources are directed to their highest productivity. b. the output of the nation's trading partner declines. c. the nation can produce outside of its production possibilities frontier. d. the problem of unemployment is eliminated.
When considering the Sapir–Whorf hypothesis, the notion that language shapes thinking is known as which of the following?
A. relativism B. linguistic determinism C. linguistic relativity D. literary critique
The company maintains its records of inventory on a perpetual basis using the last-in, first-out inventory costing method. Calculate the amount of ending Merchandise Inventory at December 31, 2019 using the lower-of-cost-or-market rule.
Delaware Retail Company had the following balances and transactions during 2019.
A) $2,490
B) $2,400
C) $1,800
D) $3,600