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Author Question: What is the future value of 1 (i) after 18 years if the interest rate is 4 percent, (ii) after 12 ... (Read 44 times)

chandani

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on: Jun 29, 2018
What is the future value of 1 (i) after 18 years if the interest rate is 4 percent, (ii) after 12 years if the interest rate is 6 percent, (iii) after 9 years if the interest rate is 8 percent, and (iv) after 6 years if the interest rate is 12
 
  percent?

Question 2

The Trans-Pacific Partnership (TPP) is an agreement between the United States and ________ that was meant to reduce trade barriers.
 
  A) South America B) the European Union
  C) China D) eleven other countries


bigsis44

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Reply #1 on: Jun 29, 2018
Answer to Question 1

(i) 1 x (1.04)18 = 2.03
(ii) 1 x (1.06)12 = 2.01
(iii) 1 x (1.08)9 = 2.00
(iv) 1 x (1.12)6 = 1.97

Answer to Question 2

D


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