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Lighting2551 Lighting2551
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5 years ago

Question 1.

Why is a dollar today more valuable than a dollar a year from now?

• The dollar today can be immediately used to buy something.

• A dollar a year from now will likely have less purchasing power because of inflation.

• The unknown future is riskier than the known present.

• All of these

Question 2.

What is the formula you should use to determine a bank account's future value in one year?

• Future value equals the present value plus the rate of interest.

• Future value equals the present value minus the rate of interest.

• Future value equals the present value multiplied by one plus the rate of interest expressed as a decimal.

• Future value equals the present value divided by one plus the rate of interest expressed as a decimal.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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shamanieshamanie
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5 years ago
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Lighting2551 Author
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#2
5 years ago
This helped my grade so much
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#3
5 years ago
Perfect
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