This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In 1958 the average tuition for one year at an Ivy League school was 1,800. Thirty years later, in ... (Read 112 times)

fox

  • Hero Member
  • *****
  • Posts: 540
on: Jul 10, 2018
In 1958 the average tuition for one year at an Ivy League school was 1,800. Thirty years later, in 1988, the average cost was 13,700. What was the growth rate in tuition over the 30-year period?
 
  A) 12
  B) 9
  C) 6
  D) 7
  E) 8

Question 2

A corporate investment manager needs to invest 1,000,000 for the next 6 months. The current
  nominal rate of interest in the United States is 5, while the nominal rate of interest in Argentina is
  8.
 
  Which of the following statements is MOST correct?
  A) The manager should invest the funds in Argentina and make an extra 30,000 for the year.
  B) The manager is indifferent between investing the funds in the United States or Argentina
  because real returns will always be the same in the end.
  C) The manager cannot invest in Argentina because his company is investing dollars.
  D) The manager may decide to invest the funds in the United States due to the international
  Fisher effect, which suggests inflation in Argentina may make the extra interest income worth
  less in one year.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

parker125

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 10, 2018
Answer to Question 1

D

Answer to Question 2

D


fox

  • Member
  • Posts: 540
Reply 2 on: Jul 10, 2018
Great answer, keep it coming :)

blakcmamba

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Old School Biology-Forums Banner Old School Biology-Forums Banner
Average optimal blood pressure for age Average optimal blood pressure for age
This portrait of Thomas Jefferson is considered an accurate likeness, painted when he was thirty-sev This portrait of Thomas Jefferson is considered an accurate likeness, painted when he was thirty-sev
In the past year, about one in five adults in the United States reported symptoms of anxiety ... In the past year, about one in five adults in the United States reported symptoms of anxiety ...
Life Cycle Nutrition: Toddlers through the Later Years Life Cycle Nutrition: Toddlers through the Later Years
Dragon Chinese new year 2023 Dragon Chinese new year 2023
Video: Pericarditis

For a complete list of videos, visit our video library