How much money do you need to put into a savings account that pays 10% interest compounded annually to have $10,000 in ten years?
a. $3,855.43
b. $2,881.22
c. $1, 926. 85
d. $ 3,026. 77
a. $3,855.43
You might also like to view...
Baumol and Blinder offer some reasons why countries trade with each other. List three of the reasons, and give an example of each to illustrate the reason
Buying shares of corporate stock tends to be more risky when
a. the stock of a single corporation is purchased. b. the stock may have to be sold within a few months. c. all stocks bought are in the same industry. d. all of the above are true.
Two firms compete as a Stackelberg duopoly. The demand they face is P = 40 ? Q. The cost function for each firm is C(Q) = 4Q. The profits of the two firms are:
A. ?L = $81; ?F = ?$40.5. B. ?L = $162; ?F = $40.5. C. ?L = $162; ?F = $81. D. ?L = $81; ?F = $40.5.
good sold to final users
What will be an ideal response?