What is the future value of $1 (i) after 18 years if the interest rate is 4 percent, (ii) after 12 years if the interest rate is 6 percent, (iii) after 9 years if the interest rate is 8 percent, and (iv) after 6 years if the interest rate is 12
percent?
(i) $1 x (1.04)18 = $2.03
(ii) $1 x (1.06)12 = $2.01
(iii) $1 x (1.08)9 = $2.00
(iv) $1 x (1.12)6 = $1.97
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a. True b. False Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
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Refer to the tables below. If Germany and the United States engage in trade, the mutually-beneficial terms of trade will be between:
Autos and chemicals are in million of units in the following production possibilities tables:
A. 3 and 4 units of autos for 1 unit of chemicals
B. 2 and 4 units of autos for 1 unit of chemicals
C. 2 and 4 units of chemicals for 1 unit of autos
D. 0.33 and 0.5 units of autos for 1 unit of chemicals