« previous next »

Author Question: You can put your 100 in Bank A that pays 8 at the end of the year. You can also put your 100 in Bank ... (Read 15 times)

rmenurse

  • Hero Member
  • *****
  • Posts: 513
on: Jul 1, 2018
You can put your 100 in Bank A that pays 8 at the end of the year. You can also put your 100 in Bank B that pays 4 at the end of six months and then 4 again at the end of the year. You will keep your 100 and all interest in the bank. At the end of the year
 
  A) the total will be the same at both banks.
  B) the total at Bank A will be greater.
  C) the total at Bank B will be greater.
  D) the total could be larger at either bank.

Question 2

You place 100 in a bank account that pays 8. If you remove the interest you receive each year you can turn your stock into a flow of
 
  A) 108 per year.
  B) 100 per year.
  C) 80 per year.
  D) 8 per year.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


mochi09

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

This 80-year old man in a village in Hubei, China, has slowed down, but he has not retired. He is ... This 80-year old man in a village in Hubei, China, has slowed down, but he has not retired. He is ...
Types of ecosystem service vs. total global value per year Types of ecosystem service vs. total global value per year
The year 2010 was the hottest since 1880 The year 2010 was the hottest since 1880
Top Eleven Countries in Year 2009 According to Three Different Measures Top Eleven Countries in Year 2009 According to Three Different Measures
Estimated number of new HIV infections per year over time period in Canada Estimated number of new HIV infections per year over time period in Canada
New year kid drawing New year kid drawing
Video: Transmission Across a Synapse

For a complete list of videos, visit our video library