« previous next »

Author Question: Assume that you are willing to postpone consumption today and buy a certificate of deposit (CD) at ... (Read 122 times)

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
on: Jul 10, 2018
Assume that you are willing to postpone consumption today and buy a certificate of deposit (CD) at your local bank. Your reward for postponing consumption implies that at the end of the year ________.
 
  A) you will be able to consume fewer goods
  B) you will be able to buy the same amount of goods or services
  C) you will be able to buy fewer goods or services
  D) you will be able to buy more goods or services

Question 2

Assume that you are willing to postpone consumption of 1,000 today and buy a certificate of deposit (CD) at your local bank with the 1,000. Holding the CD for one year provides you with an 8 reward for saving or postponing consumption.
 
  This reward for postponing consumption implies that at the end of the year you will have how much more money for spending?
  A) 79.50
  B) 79.75
  C) 79.90
  D) 80.00


aham8f

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jul 10, 2018
Answer to Question 1

Answer: D

Answer to Question 2

Answer: D
Explanation: D) We take 8 times 1,000 and get 80.00 more for spending.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
Reply #2 on: Jul 10, 2018
Correct answers!


aham8f

  • Sr. Member
  • ****
  • Posts: 336
Reply #3 on: Jul 10, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

The Land Ordinance of 1785 called for surveying and dividing the Western Territories into square mil The Land Ordinance of 1785 called for surveying and dividing the Western Territories into square mil
Diet Soda's Consumption's Association with Increased (not Decreased) Prevalence of ... Diet Soda's Consumption's Association with Increased (not Decreased) Prevalence of ...
Selling Today: Partnering to Create Value (Manning/Ahearne/Reece) Selling Today: Partnering to Create Value (Manning/Ahearne/Reece)
4 QUESTIONS PEASE I NEED IT TODAY AND I DONT HAVE MORE CREDITS TO START A NEW TOPIC 4 QUESTIONS PEASE I NEED IT TODAY AND I DONT HAVE MORE CREDITS TO START A NEW TOPIC
Odds please I need it today Odds please I need it today
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: ETC Protein Complexes & Chemiosmosis (Total ATP Production and ATP Synthase)

For a complete list of videos, visit our video library