If you knew that an investment was going to pay you $46,370 in 5 years, and you knew that the annual interest rate over that time would be 3 percent, you could calculate the present value to be:
A. $41,600.
B. $39,999.
C. $37,000.
D. $41,998.
Answer: B
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The demand for microwaves in a certain country is given by: D = 8,000-30P, where P is the price of a microwave. Supply by domestic microwave producers is: S = 4,000 + 10P. Suppose the economy is closed. The equilibrium price of a microwave is ________ and equilibrium quantity is____.
A. $100; 5000 B. $125; 4000 C. $50; 8000 D. $75; 6000
Your scholarship depends on your maintaining a 3.5 cumulative GPA. Your GPA for last semester was 3.6, which brought your cumulative GPA down. What must be true?
A. If this semester's grades are the same as last semester's, your overall GPA will stay the same. B. Last semester's grades were lower than your overall GPA. C. If this semester's grades are the same as last semester's, you might lose your scholarship. D. Last semester's grades were higher than your overall GPA.
Why does the United States both import and export ethanol?
a. U.S. regulations require U.S. fuel companies to use both ethanol made from corn and ethanol made from other sources (such as sugar), which has led to a surplus of corn ethanol that is exported to Brazil in return for sugar ethanol. b. U.S. regulations require U.S. fuel companies to use only ethanol made from corn, which has led to a surplus of corn ethanol that is exported to Brazil. c. Brazilian regulations require its fuel companies to use both ethanol made from corn and ethanol made from sugar, which has led to a surplus of sugar ethanol that is exported, and a need for corn ethanol, which is imported from the United States. d. Brazilian regulations require its fuel companies to use only ethanol made from corn, which has led to a surplus of sugar ethanol that is exported, and a need for corn ethanol, which is imported from the United States.
When the dollar value of the euro is high:
A. travel in the U.S. is less expensive for Europeans. B. travel in the U.S. is more expensive for Europeans. C. the dollar has appreciated. D. travel in Europe is less expensive for Americans.