What is the present value of $100 one year from now at an interest rate of 5%?
A) $5
B) $95.24
C) $100
D) $105
Answer: B
Economics
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Which would not cause the supply curve to shift?
A) a change in technology B) a change in factor costs C) a change in the price of the good D) a change in the prices of related goods
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Refer to Figure 5-13. The market equilibrium price of gasoline is ________ per gallon
A) $3.00 B) $3.75 C) $4.25 D) $5.00
Economics