What is the present value of $5,000 to be received in one year if the current market interest rate is 6.0%?

a. $3,125
b. $4,717
c. $4,923
d. $5,300

b

Economics

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Sergio's rentals of Blu-ray movies increase by 10 percent when her income increases by 30 percent. Based on this information, we know that for Sergio, Blu-ray movies

A) are complements. B) are substitutes. C) are inferior goods. D) have an inelastic demand. E) are normal goods.

Economics

If national saving increases, ________. (Assume that the capital account is zero and net transfers are zero.)

A) the sum of domestic investment and net exports must decrease B) the sum of domestic investment and foreign investment must decrease C) the sum of domestic investment and foreign investment must increase D) foreign investment must decrease to cover the gain

Economics