You would like to deposit a sum of money today that would enable you to withdraw $2,000 a year for ten years. If the interest paid on the amount deposited is 10% compounded annually and if the first withdrawal is made one year from today, the formula you would use to determine the amount of the initial deposit is the
A) present value of a deferred annuity.
B) present value of an annuity due.
C) present value of an ordinary annuity.
D) future value of an ordinary annuity.
C
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Suppose another breakthrough in computer technology greatly increases total factor productivity. Explain how this would affect aggregate supply, output, and the price level in the short run and the long run.
What will be an ideal response?
________ requires putting yourself in the customer's place and trying to relate to the customer's needs, wants, and concerns.
A. Convergence B. Congruence C. Empathy D. Responsiveness
Answer the following statements true (T) or false (F)
“Economic consequences” is not part of the conceptual framework.
All of the following are government sources of information except:
A. census reports B. Hoovers C. export/import authority D. NAICS and SIC