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1. John's goal in life is to be a millionaire. He has $6,980 in a saving account and figure he is likely to earn an 18% rate of return every year. How many years does it take for John to have his first $1,000,000? (Round your answer up to the nearest whole number.)
2. If John consistently makes $1200 deposit into his saving account every year, how many years would it take for John to have his first $1,000,000? (Round your answer up to the nearest whole number.)
Events like hurricane Katrina have revealed the extent of poverty in modern America. What does poverty in the United States look like over the last 200 years? What are the root causes of poverty? How have people reacted to poverty? How has the govern..
Describe the Circular Flow Model. What are the five components of the circular flow diagram, as shown class? What are leaks and injections and how do they affect the economy? How are prices determined in the Circular Flow Model?
How does fiscal expansion affect the current account under a fixed exchange rate? Do youexpect the changes in current account to be smaller or larger than under floating (a flexibleexchange rate)? Explain.
Explain what determines the level of income, employment, output and prices in our economy. Do you think current monetary and fiscal policy is working to help the U.S. economy achieve the three economic goals of full employment, economic growth, and s..
What do you imagine about the interest on payday loans is too high or just right.
If the price elasticity of demand in the United States for American-made luxury cars is 1.9, what is the impact on revenue if the price increases by 10%?
Many police officer positions require the applicant to have a college degree even though the tasks of a police officer rarely call upon college course material.
Consider the method of calculating the present value of a college education, shown in the spreadsheet in the spreadsheet linked to in the Course Content slides. How would you change the calculation to make it more realistic, or more applicable to you..
Estimate the number of students at the university next year, and revenue, if the president keeps the present marketing mix unchanged - Estimate the level
How are discounts recorded in a perpetual inventory system versus a periodic inventory system?
Which of the following explain the downward slope of the aggregate demand curve the effect of changing interest rates on the quantity demanded of interest rate since of goods or the presence of an used production capacity and unemployment or the avai..
Illustrate what happens to the equilibrium price and quantity in each market. Which product experiences a larger change in price.
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