Suppose the star pitcher on a university's baseball team, who is ...

[asmith134]

Suppose the star pitcher on a university's baseball team, who is now a sophomore, decides to finish college instead of joining a major league team. In doing this, he is giving up a 40,000 salary for each of the next two years. At an interest rate of 10 percent, the total value of this sacrifice is approximately
 a. 46,000
  b. 77,777
  c. 69,420
  d. 80,000
  e. 88,000

Question 2

The exchange rate is the
 a. total yearly amount of money changed from one country's currency to another country's currency
  b. total monetary value of exports minus imports
  c. amount of a country's currency that can be exchanged for one ounce of gold
  d. sum of net unilateral transfers
  e. price of one country's currency in terms of another country's currency

[Zebsrer]

Answer to Question 1

C

Answer to Question 2

E