Which of the following is closest to the future value of an $800,000 deposit earning 2 percent interest annually after 20 years?
A. $1,120,262
B. $1,188,758
C. $1,201,204
D. $1,176,224
B. $1,188,758
You might also like to view...
The average fixed cost curve
A) is always positively sloped. B) is U-shaped. C) has an upside-down U shape. D) is always negatively sloped. E) is horizontal.
If an assumption is made that a society is operating on its production possibilities curve, an outward shift of the curve implies
A. economic growth has occurred. B. the society is making more efficient use of its available resources. C. consumer demand has increased. D. the present value of capital resources has increased.
In this graph for the marginal costs and benefits of pollution controls, at ______ the marginal social benefits of greater pollution control expenditures have exceeded the marginal costs associated with having the controls.
a. Q1
b. Q2
c. Q*
d. both Q1 and Q2
If the marginal propensity to save (MPS) is 0.25, the value of the spending multiplier is:
A. 1. B. 2. C. 4. D. 9.