Which of the following is true?
A) Compound interest means that you are earning interest on the principal but not prior interest earned.
B) All of the above are true.
C) The law of compound interest highlights the importance of beginning to save at a young age.
D) Assume a 7 percent rate of interest and a price of $6 per pack of cigarettes. Smoking one pack of cigarettes per day for 50 years will cost the smoker $109,500 (=$6 365 days50 years).
C) The law of compound interest highlights the importance of beginning to save at a young age.
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President Jackson's reasons for vetoing the recharter of the Second Bank of the United States did not include
a. fears that the bank was nearing insolvency. b. questions of constitutionality. c. concerns over foreign ownership. d. fears that the bank could undo democracy itself.
Which of the following pairs is most likely to represent substitute goods?
a. Hamburgers and hamburger rolls. b. Movies and popcorn. c. Beer and pretzels. d. Shoes and shoelaces. e. Pork and beef.