Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Problem

Suppose your aunt invests $2,000 for you. You are not allowed to have the money until the original amount doubles. Your aunt's investment earns 10 percent, compounded annually. Give a rough estimate of how long it will take before you can access the money your aunt invested for you.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92758055

Have any Question?


Related Questions in Microeconomics

Question economic homework please help1 compare and

Question: Economic homework, please help 1. Compare and contrast classical economics theory and Marxist economic theory in relation to women and their economic capacity or contribution (or lack thereof). Can you write 3 ...

Question trade has income distribution effects for example

Question: Trade has income distribution effects. For example, suppose that because of a government-negotiated reduction in trade barriers, trade between Germany and the Czech Republic increases. Germany sells house paint ...

Question suppose the utility function for linda is given by

Question: Suppose the utility function for Linda is given by u(x1, x2) = log x1 + x2 and her budget constraint is given by p1x2 + p2x2 = m (a) Derive the demand function for Linda for both goods. (Hint: the demand of any ...

Question what is the difference between endogeneity and

Question: What is the difference between endogeneity and spurious correlation? Explain how independent and dependent variables are related to one another, making reference to causal arguments. The response must be typed, ...

Question the principal economic argument for abolishing the

Question: The principal economic argument for abolishing the long-term capital gains tax is that it would boost productivity, and hence pay for itself. The principal economic argument against that move is that it would e ...

Question 1 identify one modern technology and think about

Question: 1. Identify one modern technology and think about its development; In what ways has this technology changed the way you live from both a positive and negative perspective? What future changes might occur that c ...

Question a 2000-gallon metal tank to store hazardous

Question: A 2000-gallon metal tank to store hazardous materials was bought 15 years ago at cost of $100,000. What will a 5,000-gallon tank cost today if the power-sizing exponent is 0.57 and the construction cost index f ...

Question using the specific factors model ie labor is

Question: Using the Specific Factors Model (i.e. Labor is mobile but Land and Capital are specific to agriculture and manufacturing) what would be the effect of foreign labor immigration on wage rate and the output of bo ...

Question adult iq scores have a bell-shaped distribution

Question: Adult IQ scores have a bell-shaped distribution with mean of 100 and a standard deviation of 15. Use the Empirical Rule to find the percentage of adults with scores between 70 and 130 If 250 adults are randomly ...

Question answer questions your answers should be no more

Question: Answer Questions: your answers should be no more than a short paragraph of 3-4 sentences for each of the following questions. Assume that a firm's analysis of its balance condition shows the following: PL = $10 ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As