Refer to the scenario above. What will the balance in Tom's account be after five years if he deposits 3,000 in the bank?
A) 3,222.64
B) 3,400
C) 4,014.68
D) 4,111.78
Question 2
A social system could eliminate profits and losses if it could
A) eliminate greed and selfishness.
B) eliminate uncertainty.
C) fix all prices to reflect opportunity costs.
D) fix all prices to reflect the value of the labor embodied in goods.
E) tax all receipts above cost and redistribute them to firms unable to cover all their costs.
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Jamal plans to retire in 17 years. He is saving $2000 every start of the month in a retirement ...