At an interest rate of 6 percent, what would be the present value of receiving $22,000 twelve years from now?
A) $10,934 B) $18,645 C) $19,643 D) $20,755
A
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Refer to Figure 11-7. When the output level is 100 units average fixed cost is
A) $10. B) $8. C) $5. D) This cannot be determined from the diagram.
In the absence of a financial system, the two-period model without taxes predicts that
A) consumption is more volatile that output. B) consumption is as volatile as output. C) consumption is less volatile than output. D) We do not know.
In the above table, the cross price elasticity of demand for good B with good A when PA rises from $10 to $12 is
A. -0.58. B. +0.58. C. +1.83. D. +0.29.
Which of these is an example of how the U.S. Constitution protects the free enterprise system?
A) Congress is given the power to borrow money. B) Congress is given the authority to collect taxes. C) Congress is given the authority to raise and support armies. D) Congress is given the authority to grant patents and copyrights.