This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Is 1,000 received today worth as much as 1,000 received one year from now? Explain your answer. ... (Read 136 times)

aabwk4

  • Hero Member
  • *****
  • Posts: 593
on: Jun 29, 2018
Is 1,000 received today worth as much as 1,000 received one year from now? Explain your answer.
 
  What will be an ideal response?

Question 2

Refer to Figure 5-7. The marginal benefit of reducing pollution curve is the same curve as
 
  A) the supply of pollution reduction curve. B) the demand for pollution reduction curve.
  C) the external benefit curve. D) the positive externality curve.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

yuyiding

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 29, 2018
Answer to Question 1

No, the timing of the payment is important in deciding its value today. If you receive 1,000 today you you could earn interest on the 1,000 for one year. For example, if the interest rate is 5 then 1,000 received today would be worth 1,000 x 1.05 = 1,050 in one year.

Answer to Question 2

B


aabwk4

  • Member
  • Posts: 593
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

sarah_brady415

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

The Black Death spread over much of Europe in a three-year period in the middle of the fourteenth ce The Black Death spread over much of Europe in a three-year period in the middle of the fourteenth ce
Many households today include young adults who have not moved out of their parents’ homes (or who ... Many households today include young adults who have not moved out of their parents’ homes (or who ...
U.S. Life Expectancy by Year of Birth U.S. Life Expectancy by Year of Birth
Please explain the different Rf values for xanthophyll’s in paper chromatography compared to ... Please explain the different Rf values for xanthophyll’s in paper chromatography compared to ...
Dragon Chinese new year 2023 Dragon Chinese new year 2023
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Muscular System Animation

For a complete list of videos, visit our video library