At which interest rate is the present value of $196.85 three years from today equal to $175 today?
a. 2 percent
b. 4 percent
c. 6 percent
d. 8 percent
b
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A decrease in demand will have what effect on equilibrium price and quantity?
A. Price will increase; quantity will decrease. B. Price will decrease; quantity will increase. C. Both price and quantity will increase. D. Both price and quantity will decrease.
Which policy measure increased the SEC budget to supervise securities markets?
A) Sarbanes-Oxley Act of 2002 B) Global Legal Settlement of 2002 C) Gramm-Leach-Bliley Act of 1999 D) Riegle-Neal Act of 1994
The base year of an index is
A. the year chosen for the weights in a fixed weight procedure. B. the first year of the index. C. the year currently being calculated. D. the last year of the index.
Given the following table for a competitive firm which is maximizing profits, if the marginal revenue product of the last worker hired is $150 and three workers are employed per day, the price of a unit of output must be:
A. $1,000
B. $100
C. $20
D. $10