Your accountant tells you that if you can continue to earn the current interest rate on your balance of $500 for ten years, you will have about $983.58 . If your accountant is correct, what is the current rate of interest?

a. 5 percent
b. 6 percent
c. 7 percent
d. 8 percent


c

Economics

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According to the Application, the differential survival of the wealthy created an environment

A) which allowed for economic growth. B) where lower-class people could no longer afford to live in the country. C) that directly led to the demise of the British monarchy. D) which caused increased class warfare.

Economics

Public funding is not a part of colonial history

Indicate whether the statement is true or false

Economics

Because of the free-rider problem, it is necessary that public bureaus manufacture defense weapons

a. True b. False

Economics

When quantity moves proportionately the same amount as price, demand is

a. elastic, and the price elasticity of demand is 1. b. perfectly elastic, and the price elasticity of demand is infinitely large. c. perfectly inelastic, and the price elasticity of demand is 0. d. unit elastic, and the price elasticity of demand is 1.

Economics