To compute the present value of a future value, you must know the ________ and the ________.
A. interest rate; time period
B. compounding interest; time period
C. interest rate; compounding interest
D. None of these statements is true.
Answer: A
Economics
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Suppose policy makers want to increase GDP by $450 billion. If the marginal propensity to consume is 0.9, by how much must taxes decrease to achieve this target?
What will be an ideal response?
Economics
Unemployment that arises when there is a mismatch between the quantity of labor demanded and supplied is referred to as:
A) structural unemployment. B) disguised unemployment. C) frictional unemployment. D) cyclical unemployment.
Economics