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Author Question: In 1958 the average tuition for one year at an Ivy League school was 1,800. Thirty years later, in ... (Read 110 times)

fox

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on: Jul 10, 2018
In 1958 the average tuition for one year at an Ivy League school was 1,800. Thirty years later, in 1988, the average cost was 13,700. What was the growth rate in tuition over the 30-year period?
 
  A) 12
  B) 9
  C) 6
  D) 7
  E) 8

Question 2

A corporate investment manager needs to invest 1,000,000 for the next 6 months. The current
  nominal rate of interest in the United States is 5, while the nominal rate of interest in Argentina is
  8.
 
  Which of the following statements is MOST correct?
  A) The manager should invest the funds in Argentina and make an extra 30,000 for the year.
  B) The manager is indifferent between investing the funds in the United States or Argentina
  because real returns will always be the same in the end.
  C) The manager cannot invest in Argentina because his company is investing dollars.
  D) The manager may decide to invest the funds in the United States due to the international
  Fisher effect, which suggests inflation in Argentina may make the extra interest income worth
  less in one year.


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parker125

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Reply #1 on: Jul 10, 2018
Answer to Question 1

D

Answer to Question 2

D


fox

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Reply 2 on: Jul 10, 2018
YES! Correct, THANKS for helping me on my review

ricroger

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  • Posts: 352
Reply 3 on: Yesterday
Great answer, keep it coming :)

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