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Author Question: Assume that you invest 550 in a certificate of deposit that has an annual interest rate of 4.5 ... (Read 157 times)

mcmcdaniel

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on: Jun 30, 2018
Assume that you invest 550 in a certificate of deposit that has an annual interest rate of 4.5 percent. According to the rule of 72, what will your investment be worth after 16 years?
 a. 550
  b. 3,960
  c. 1,100
  d. 797.5
  e. 1,200

Question 2

When two goods have positive cross elasticities of demand and negative income elasticities, they are:
 a. Normal and substitutes.
 b. Normal and complements.
  c. Inferior and substitutes.
 d. Inferior and complements.


Kjones0604

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


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