What is the present value of $10,000 that will be paid to you in 4 years if the interest rate is 6%? Work it out to the nearest cent.
What will be an ideal response?
You might also like to view...
With reference to the graph above, if the intended aim of the price ceiling set at $6 was a net increase in the well-being of consumers, then positive analysis would consider:
A. whether the surplus transferred from consumers to producers is larger than the consumer surplus lost to deadweight loss.
B. whether the producer surplus lost to deadweight loss is larger than the producer surplus gained from a higher price.
C. whether the surplus transferred from producers to consumers is larger than the consumer surplus lost to deadweight loss.
D. whether the producer surplus lost due to lower prices is larger than the producer surplus lost due to fewer transactions taking place.
Deficient information on unsafe products can cause:
a. overconsumption of a product. b. waste of resources used to produce a product. c. consumers to pay a higher price for a product. d. all of the above answers are true. e. none of the above answers a. - c. are true.
During the past 50 years, the production possibilities of the United States have expanded, increasing both short-run and long-run aggregate supply. Other things constant, this would lead to
a. an expansion in output and an increase in prices. b. an expansion in output and a decrease in prices. c. no change in either output or prices. d. no change in output and a decrease in prices.
Which of the following is correct? Gross private domestic investment:
a. Includes goods that are produced but not consumed. b. Includes stock and bonds. c. Excludes spending for new residential housing. d. All of the above are correct.