Author Question: Average U.S. wages in 1990 were 28,960, far larger than the average wage in 1930 of 1,970. What was ... (Read 69 times)

luvbio

  • Hero Member
  • *****
  • Posts: 623
Average U.S. wages in 1990 were 28,960, far larger than the average wage in 1930 of 1,970. What was the average annual increase in wages over this 60-year period?
 
  A) 3.31
  B) 2.45
  C) 24.50
  D) 4.58

Question 2

Of the following three types of corporate bonds debentures, mortgage bonds, and subordinated debentures indicate the most secure and the least secure (in that order).
 
  A)
 
  debentures, subordinated debentures
  B)
 
  mortgage bonds, subordinated debentures
  C)
 
  subordinated debentures, debentures
  D)
 
  mortgage bonds, debentures



atrochim

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

Answer: D
Explanation: D) r = (FV/PV)1/n - 1 = (28,960/1,970)1/60 = 4.58
MODE = END
INPUT 60 ? -1,970 0 28,960
KEY N I/Y PV PMT FV
CPT 4.58

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

For a complete list of videos, visit our video library