Suppose there is no inflation, and the current interest rate is 5% per year. Sarah plans to open a savings account and deposit $100 annually for the next 14 years. At the end of the period, the balance of her savings account will be
A) 100(1.0514 - 1).
B) 2000(1.0514 - 1).
C) 2000(1.0512 - 1).
D) 20(1.0512 - 1).
B
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How does a rise in real income affect aggregate demand?
A) Y ? implies Yd ? implies Im ? implies CA ? implies AD ?, but Y ? implies Yd ? implies C ? implies AD ? by more. B) Y ? implies Yd ? implies Im ? implies CA ? implies AD ?, but Y ? implies Yd ? implies C ? implies AD ? by more. C) Y ? implies Yd ? implies Im ? implies CA ? implies AD ?, and Y ? implies Yd ? implies C ? implies AD ?. D) Y ? implies Yd ? implies Im ? implies CA ? implies AD ?, but Y ? implies Yd ? implies C ? implies AD ? by less. E) Y ? implies Yd ? implies Im ? implies CA ? implies AD ?, but Y ? implies Yd ? implies C ? implies AD ? by less.
Eldin is a house painter. He can paint three houses per week. He is considering hiring his friend Murphy. Murphy can paint five houses per week. What is the maximum total output possible if Eldin hires Murphy?
a. 2 houses b. 3 houses c. 5 houses d. 8 houses