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Home Question Bank Economics Archive 2024 November 30

Economics Questions from Nov 30,2024

Browse the Economics Q&A Archive for Nov 30,2024, featuring a collection of homework questions and answers from this day. Find detailed solutions to enhance your understanding.

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Suppose that \( \$ 2,100 \) is invested at \( 8 \% \) interest, compounded quarterly. Find the function for the amount of money after \( t \) years. A. \( A(t)=2,100(1.08)^{t} \) B. \( A(t)=2,100(1.02)^{4 t} \) C. \( A(t)=2,100(1.08)^{4 t} \) D. \( A(t)=2,100(1.02)^{t} \) How long will it take for \( \$ 7,000 \) to grow to \( \$ 20,900 \) at an interest rate of \( 7.4 \% \) if the interest is compounded continuously? Round the number of years to the nearest hundredth. A. 1.48 yr B. \( 1,478.16 \mathrm{yr} \) C. 0.15 yr D. 14.78 yr Suppose that \( \$ 8,000 \) is invested at an interest rate of \( 5.6 \% \) per year, compounded continuously. What is the doubling time? A. 2 yr B. 13.4 yr C. 11.4 yr D. 12.4 yr How long will it take for \( \$ 6,800 \) to grow to \( \$ 23,200 \) at an interest rate of \( 9.1 \% \) if the interest is compounded continuously? Round the number of years to the nearest hundredth. A. 13.49 yr B. \( 1,348.60 \mathrm{yr} \) C. 0.13 yr D. 1.35 yr Suppose that \( \$ 12,000 \) is invested at an interest rate of \( 5.7 \% \) per year, compounded continuously. What is the doubling time? A. 13.2 yr B. 2 yr C. 11.2 yr D. 12.2 yr Suppose that \( \$ 1,000 \) is invested at \( 8 \% \) interest, compounded quarterly. Find the function for the amount of money after \( t \) years. A. \( A(t)=1,000(1.08)^{t} \) B. \( A(t)=1,000(1.02)^{4 t} \) C. \( A(t)=1,000(1.02)^{t} \) D. \( A(t)=1,000(1.08)^{4 t} \) Use the compound interest formula to determine the final value of the given amount. \( \$ 480 \) at \( 14 \% \) compounded quarterly for 7 years Suppose you invest \( \$ 150 \) a month for 6 years into an account at an annual rate of \( 7.4 \% \) compounded monthly. After 6 years, you leave the money, without making additional deposits, in the account for another 30 years. How much will you have i the end? \begin{tabular}{l} The Fed's dual mandate consists of promoting the following in the U.S. \\ ceonomy: \\ OMaximum employment, stable prices, and moderate long-term \\ interest rates \\ \hline Ofull employment; below 2\% inflation \\ \hline OPrice stablitity and low unemployment \\ \hline ONone of the above \end{tabular} What is the term used to describe a market condition where buyers are able to satisfy the demand of the consumer, yet have some product remairmunsold? A. Surplus B. Stoppage C. Shortage D. Demand deficit E. Equilibrium price \( \boxed{1} \) Moving to another question will save this response.
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