If you will receive $3,000 three years from today and the discount rate is 7 percent, the present value of the $3,000 is
a. $2,779
b. $3,770
c. $1,658
d. $1,962
e. $2,449
E
You might also like to view...
In a price-leadership oligopoly model, the oligopoly firms engage in price wars
a. True b. False Indicate whether the statement is true or false
Refer to the information provided in Table 8.2 below to answer the question(s) that follow.
Table 8.2 
Refer to Table 8.2. If Sherry produces four pairs of earrings, her average fixed costs are
A. $4. B. $20. C. $25. D. $100.
Give examples of the stickiness of prices based on the average number of months between price changes for selected goods and services
What will be an ideal response?
Refer to the information provided in Table 23.7 below to answer the question(s) that follow. Table 23.7
Refer to Table 23.7. Planned saving equals planned investment at an aggregate output level
A. of $1,000 billion. B. of $800 billion. C. of $600 billion. D. that cannot be determined from this information.