Georgia's great uncle gave her a $5,000 savings bond as a wedding gift. The bond pays $5,000 at maturity, which is in 10 years. If the interest rate is 4%, the bond has a present value of $ 3,377.82
Indicate whether the statement is true or false
TRUE
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Which of the following is most likely to discourage international trade?
A) Higher import tariffs B) Higher export subsidies C) Lower interest rates D) Lower income tax rates Industria is predominantly a producer and exporter of manufactured goods. However, it imports several agricultural products.
The change in U.S. official reserves is equal to
A) borrowing from abroad plus the current account deficit. B) the current account balance plus the capital and financial account balance. C) the current account balance minus the capital and financial account balance. D) foreign investment in the United States minus U.S. investment abroad.
"Public goods" are provided by the public sector as a matter of social choice, not economic necessity
Indicate whether the statement is true or false
Developing countries have a high living standard because of high human and physical capital per worker
Indicate whether the statement is true or false