Suppose you put $10,000 into a bank account today that pays interest annually at an annual rate of 0.5%. What is the future value of the $10,000 after 10 years?

a. $10,050.00
b. $10,511.40
c. $10,573.26
d. $16,288.95

b

Economics

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A firm is making a long-run planning decision. It wants to decide on the optimal size of plant and labor force. It is considering building a medium-sized plant and hiring 100 workers

Engineering estimates suggest that at those levels, the marginal product of capital will be 100 and the marginal product of labor will be 75. If the wage rate is $5 and the rental rate on capital is $10, is the firm making the right decision? Support your answer.

Economics

A free rider:

A. contributes little or nothing to a public good while benefiting from others' contributions. B. prevents a market failure. C. contributes little or nothing to a public good, but also does not benefit from others' contributions. D. creates both positive and negative externalities.

Economics