Suppose you own a savings bond that will pay you $100 in 7 years. If the annual interest rate is 2%, what is the present value of the savings bond?
a. $27.91
b. $87.06
c. $93.64
d. $87.06
b
Economics
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Which of the following is the largest source of revenue for the federal government?
a. corporate income tax b. payroll tax c. personal income tax d. user charges
Economics
Economics is the study of how
A) people become selfish. B) preferences are determined. C) psychology influences preferences. D) people make choices.
Economics