When Americans and foreigners expect the return on ________ deposits to be high relative to the return on ________ deposits, there is a higher demand for dollar deposits and a correspondingly lower demand for foreign deposits

What is the IRR for a project with a current cost of $7,000 that is expected to produce cash inflows of $1,000 at the end of each of the next 10 years? Round answer to the nearest whole percent

A) 10% B) 8% C) 7% D) 11% E) 6%

You will need $228,790 in 28 years to supplement your retirement funds. If you can earn 8% interest, you must save $________ each year. (Table or calculator required.)

A) 8,100 B) 6,300 C) 3,600 D) 2,400