This topic contains a solution. Click here to go to the answer

Author Question: What is the difference between the present value of 550 to be received after 3 years and after 5 ... (Read 39 times)

Jkov05

  • Hero Member
  • *****
  • Posts: 556
What is the difference between the present value of 550 to be received after 3 years and after 5 years from now at an annual interest of 15 percent?
 a. 73.49
  b. 61.60
  c. 250.02
  d. 88.11

Question 2

Price elasticity of demand is defined as
 A) the percentage change in the quantity demanded of some product resulting from a one percent change in price.
  B) the percentage change in the quantity demanded of some product resulting from a change in price.
  C) the change in quantity demanded resulting from a one percent change in price.
  D) the change in quantity demanded resulting from a change in price.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

johnpizzaz

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

D

Answer to Question 2

A




Jkov05

  • Member
  • Posts: 556
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

For a complete list of videos, visit our video library