Author Question: Assume that you invest 550 in a certificate of deposit that has an annual interest rate of 4.5 ... (Read 170 times)

mcmcdaniel

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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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Answer to Question 1

c

Answer to Question 2

c



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