(Advanced analysis) Indy has $2,000 invested in a financial asset earning an annually compounded interest rate of 6 percent. Approximately how many years will it take before Indy's investment is worth $5,000?
A. 25.
B. 10.5.
C. 12.8.
D. 15.7.
D. 15.7.
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Adolph Wagner wrote that the public sector would continuously and inevitably expand due to
a. bureaucratic self-interest. b. the "tyranny of the status quo". c. labor's increasing demand for social justice. d. increasing demand for military protection from international threats.
Which of the following is a result of scarcity?
a. Costs are incurred in making choices. b. We attempt to utilize our resources as efficiently as possible. c. We must make choices between production possibilities. d. We are unable to produce all we would like to produce. e. All of these.
Vesting can make job changes costly because:
A. you can only become fully vested in one company's pension. B. vested employees earn higher returns on their funds. C. once you leave one job fully vested the only other pension you can be eligible for is Social Security. D. you may not be able to take your entire pension benefit from your previous job with you.
If the interest rate is 10%, at the end of two years, the value of $100 invested now is
A. $100/1.1. B. $100/1.12. C. $121. D. $120.