Refer to the scenario above. The time value of the amount deposited is:
A) $300.
B) $1,000.
C) $1,300.
D) $2,300.
A
Economics
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Jenna deposits $1,000 in a bank at an interest rate of 6% compounded annually. What is the future value of the sum deposited after: a) two years. b) four years
What will be an ideal response?
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The U.S. Bureau of Labor Statistics defines the unemployment rate as
a. The percentage of the population who are not working b. The percentage of people who are looking for their first job c. The percentage of workers who lose their jobs d. The percentage of the labor force not employed but actively seeking work in the past 4 weeks
Economics