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If the inflation rate is 6% per year and a person wants to earn a true (real) interest rate of 10% per year, determine the number of “then-current” dollars he has to receive 10 years from now if the present investment is $10,000.
Business Economics, Economics
How do bribery and corruption influence the economy negatively? Answer and explain three major impacts.
Three mutually exclusive new designs for an aircraft engine are under consideration. The engine has a ten-year life. The first engine incurs a cost of $1.2 million for a net saving of $300,000 per annum as compared to an ...
What are the characteristics of perfect competition, and does is exist in the real world?
A popular restaurant wants to assess if there are any differences between customers who come at different times of day (morning, noon, and night) and whether or not they order something from the drinks menu. On Sunday, t ...
"I have my null hypothesis as mean eastern sales = mean western sales but just want to check which excel output to use. I know it is two-tailed and I think I can use p or t but just want to check. I have the following ou ...
Per capita income of Winterfell is $15,000 with a growth rate of 4%. Per capita income of King's Landing is $25,000 with a growth rate of 0%. How long until per capita income is the same in both locations?
Explain a situation using the supply and demand for skilled labor in which the increased number of college graduates leads to depressed wages. Given the rising cost of going to college, explain why a college education wi ...
Sal's Market receives a box of Jen & Barry's Fast Fresh Salad BagsTM. Each box contains 16 Caesar salad bags, 20 tossed salad bags, and 12 shredded cabbage bags. Suppose that each type salad bag has an equal chance of be ...
Benefits of abating emission: MB=500-20A Cost of abating emission: MC=200+5A What are the marginal benefit and marginal cost of abatement at socially efficient level of abatement? What is the net social benefit at the ef ...
A student must answer 15 true/false questions for a test, but the student did not study well. If the student randomly guesses on each question , what is the probability that the student answers 3 questions correctly?
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
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