[Answered] If the interest rate is 8 percent, 54 next year is worth _________

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

Author Question: If the interest rate is 8 percent, 54 next year is worth __________ today. a. 62 b. 50.68 c. 50 ... (Read 79 times)

mckennatimberlake

Hero Member
Posts: 559

on: Jun 30, 2018

If the interest rate is 8 percent, 54 next year is worth __________ today.
a. 62
b. 50.68
c. 50
d. 62
e. 4.32

Question 2

Bank deposits denominated in Mexican pesos are an example of foreign exchange.
a. True
b. False

Need homework help now?

Ask unlimited questions for free

Ask a Question

Marked as best answer by a Subject Expert

xthemafja

Sr. Member
Posts: 348

Reply #1 on: Jun 30, 2018

Answer to Question 1

C

Answer to Question 2

A

mckennatimberlake

Hero Member
Posts: 559

Reply #2 on: Jun 30, 2018

Thank you

xthemafja

Sr. Member
Posts: 348

Reply #3 on: Jun 30, 2018

Happy to help you

« previous next »

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th

History of the number of observed sunspots during the last 250 years, which shows the ~11-year solar

Influence of substrate concentration on the rate of an enzyme-catalyzed reaction.

Types of ecosystem service vs. total global value per year

Desired Fertility versus Total Fertility Rate in Developing Countries

Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ...

Author Question: If the interest rate is 8 percent, 54 next year is worth __________ today. a. 62 b. 50.68 c. 50 ... (Read 79 times)

Related Topics

Need homework help now?