Author Question: You expect to rent out a vacation home on Sanibel Island for 800 a month as an investment. Upkeep is ... (Read 47 times)

melina_rosy · **on:** Jun 30, 2018

You expect to rent out a vacation home on Sanibel Island for 800 a month as an investment. Upkeep is estimated at 3,000 a year. If the current market interest rate is 5 percent, you are willing to pay __________ for the house.
a. 132,000
b. 100,000
c. 160,000
d. 192,000
e. 800,000

Question 2

The demand curve for foreign exchange
a. slopes downward
b. slopes upward
c. is horizontal, because no individual country can influence the price of foreign exchange
d. is vertical, because no individual country can influence the price of foreign exchange
e. may slope downward or upward