Both demand and supply curves usually have positive slopes

Due to a boom in the US, the average rate of return on investments is likely to rise causing the US dollar to

a. Appreciate b. Depreciate c. Not change in value d. None of the above

Refer to the table below. What sum of money should be deposited today in an account that earns 3 percent interest to make each of the five payments above and, when the last payment is made, there will be no money left in the account?

The above table shows a 5 year payment plan. Each payment is made at the end of the year, so after one year, a payment of $1,000 is made, after two years another payment of $1,500 is made and so on. The interest rate is 3 percent.

A) $9,886.70
B) $9,912.56
C) $11,000.00
D) $9,723.45