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

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Author Question: If the interest rate is 8 percent, 54 next year is worth __________ today. a. 62 b. 50.68 c. 50 ... (Read 48 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

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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

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Author Question: If the interest rate is 8 percent, 54 next year is worth __________ today. a. 62 b. 50.68 c. 50 ... (Read 48 times)

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