Yolanda received a $100 savings bond for her birthday. The bond pays $100 at maturity, which is in five years. If the interest rate is 3%, the bond has a present value of $86.26
Indicate whether the statement is true or false
TRUE
Economics
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When using the income approach to calculate nominal GDP, you should ________.
A. subtract transfer payments B. add transfer payments C. subtract indirect business taxes D. add indirect business taxes
Economics
If the demand for a product is elastic, the quantity demanded changes by a smaller percentage than the percentage change in price
Indicate whether the statement is true or false
Economics
In an monopolistic market there are:
A. Many buyers B. Few buyers C. Few sellers D. Many sellers
Economics
Roughly how much of health care spending in the U.S. is financed by private and public insurance?
A. 20 percent B. 40 percent C. 60 percent D. 80 percent
Economics