Jenna deposits $1,000 in a bank at an interest rate of 6% compounded annually. What is the future value of the sum deposited after: a) two years. b) four years
What will be an ideal response?
a) The future value after two years = (1.06 )2 × 1,000 = $1,123.60.
b) The future value after four years = (1.06 )4 × 1,000 = $1,262.48.
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Answer the following statement true (T) or false (F)
What is marginal factor cost? How is it related to the supply curve of an input?
What will be an ideal response?
Equilibrium in the market is where supply is equal to demand.
A. True B. False C. Uncertain
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