When the interest rate is 7.5%, what is the present value of a perpetuity paying $50 a year forever?

How long can a family collect aid from the Temporary Assistance for Needy Families (TANF) program?

(A) A maximum of five years. (B) As long as necessary. (C) A maximum of ten years. (D) A maximum of two years.

All of the following aim to reduce income inequality EXCEPT

A. Social Security payments. B. regressive taxes. C. earned income tax credits. D. food stamp programs.