What is the future value of $500 in 4 years that earns an annual interest rate of 3 percent?
A) $562.75
B) $560.25
C) $568.67
D) $559.12
A) $562.75
You might also like to view...
"A government surplus can decrease investment through the crowding-out effect because the surplus decreases the supply of loanable funds." Is the previous assertion right or wrong? Why?
What will be an ideal response?
Securities dealers reduce the uncertainty associated with mortgage debt cash flows through the development of
A) convertible mortgages. B) callable mortgages. C) collateralized mortgage obligations. D) tax-exempt commercial paper.
Refer to the above figure. Suppose the equilibrium moves from E' to point E. An event that could have caused this movement is
A) an increase in the real interest rate in the United States. B) an increase in U.S. productivity. C) an increase in the perceived stability of the U.S. economy. D) an increase in demand for Japanese-produced goods by U.S. residents.
Unanticipated restrictive monetary policy would tend to cause
a. real interest rates to rise. b. the exchange rate value of the dollar to fall (the dollar to depreciate). c. loans to become more available for small businesses. d. asset prices to rise.