Author Question: When the interest rate is R, the formula for finding the future value of M two years from now is ... (Read 115 times)

erika · **on:** Jul 1, 2018

When the interest rate is R, the formula for finding the future value of M two years from now is

A) M (1 + R)2.
B) M (1 + R2).
C) M / (1 + R)2.
D) M / (1 + R2).

Question 2

The aggregate demand for good X is Q = 20 - P. If the price rises from P = 4 to P = 5, what is the change in consumer surplus?

A) 4.50
B) 5.50
C) 15.50
D) 16